US Stocks Draw Biggest Inflow Since June on the Day of Trump Win
Published On Nov 8, 2024, 4:43 AM
US equity funds saw a significant inflow of $20 billion on the day of Donald Trump's electoral victory, marking the largest single-day influx since June. Small-cap stocks attracted the most investments, benefiting from Trump's anticipated protectionist policies. The broader market is also responding positively, with the S&P 500 Index hitting record highs this week following the election and a recent Federal Reserve interest rate cut. Despite optimism regarding lower corporate taxes under Trump's leadership, concerns remain about inflation potentially driven by tariffs and immigration policies.