Stock market today: Dow, S&P 500 extend rally, Nasdaq wavers as bitcoin tops $84,000

Published On Nov 11, 2024, 10:21 AM

The stock market is experiencing a rally with the Dow Jones increasing by over 400 points, while the S&P 500 is up by 0.2%. The Nasdaq, however, is slightly fluctuating. The gains are driven by market optimism following the presidential election, particularly in relation to lower corporate taxes and deregulation expected under the incoming administration. Bitcoin has also hit a record high, trading close to $85,000, fueled by expectations for a pro-crypto environment under new leadership. Notable stocks such as Tesla and cryptocurrency trading platforms like Coinbase and Robinhood are seeing significant gains as well.