Stock market today: Dow, S&P 500 extend rally as bitcoin tops $82,000, Tesla surges
Published On Nov 11, 2024, 9:30 AM
US stocks saw a significant rise on Veterans Day, largely driven by optimism surrounding the incoming Trump administration and its expected tax cuts and deregulation efforts. The Dow Jones Industrial Average surged by about 1%, while the S&P 500 and Nasdaq showed mixed performance, with tech stocks like Nvidia and Apple lagging amidst these gains. Bitcoin also reached new heights, surpassing $82,000, bolstered by expectations of a crypto-friendly government. Tesla shares continued to climb as analysts increased their price target to $400 based on expected benefits from Trump’s policies, highlighting a positive sentiment in the market.