Trump trade powers Dow 44,000, S&P 6,000 as stocks keep humming
Published On Nov 11, 2024, 8:26 PM
Following Donald Trump's recent election win, U.S. stocks are reaching new highs, with the Dow Jones surpassing 44,000 and the S&P 500 exceeding 6,000. Analysts are optimistic about the economic impact of Trump’s pro-business policies, which include deregulation and tax cuts. Notably, Tesla stock has surged, and its market cap is expected to potentially double within the next 12 to 18 months. The cryptocurrency market is also benefiting, with Bitcoin hitting unprecedented levels amid expectations of pro-crypto policies from the new administration.