26 sources·Business

U.S. Stock Market Soars After Trump's Election Win, Bitcoin Hits Record High

Following Donald Trump's election, stocks surged, leading to record highs for major indices and Bitcoin, despite concerns about inflation and trade tariffs.

27%

50%

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Updated: Nov 6th, 2024, 7:10 PM ET

Summary

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After Donald Trump's election victory, the U.S. stock market saw significant gains, with the Dow Jones increasing over 1,500 points and Bitcoin reaching a record high above $75,000. The S&P 500 and Nasdaq also experienced sharp rises, driven by investor optimism regarding Trump’s economic policies, including anticipated deregulation and lower taxes. However, concerns regarding future inflation and tariffs remain prevalent, particularly for industries such as clean energy. Analysts are divided on the long-term implications of Trump’s policies, emphasizing uncertainty about congressional control affecting his agenda.

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