President Donald Trump promised a “Golden Age of America” in his victory speech early Wednesday morning. At the start of subsequent trading hours, the Dow Jones Industrial Average was up more than 1,320 points, or more than 3%, and the S&P 500 index was up 1.9%. Nasdaq rose 2.2%.
CNN shown This is the first time since November 2022 that the Dow Jones Industrial Average rose more than 1,000 points in a single day.
While some analysts suspect some investors may have been relieved by the decisiveness of his victory, Trump's policy proposals, particularly on deregulation and taxes, have investors excited. Some analysts think so.
AgentSmyth COO Michael Block told CNN: [a] Especially with their Senate victory, a business-friendly and tax-friendly system is being introduced. ”
“The animal spirit of business may be reignited.”
Republicans have a majority in the U.S. Senate Ready To protect the house.
“Assuming the House shifts to Republicans, we expect the Red Sweep outcome to play out similar to the 2016 strategy, but in a more mature economic context,” said Jeff Schultz of ClearBridge Investments. “The extent of this is likely to be lower given the higher stock valuation.” said Bloomberg. “President Trump's pro-business approach could reignite the business animal spirit.”
When it became clear that Trump would win in a landslide, the price of Bitcoin plummeted. rose sharply It rose from below $70,000 to above $75,000 overnight, and by Wednesday morning it was zigzagging around $74,400. This breakthrough was fueled by President Trump's inclusion of cryptocurrencies in his campaign.
In July, President Trump said Cryptocurrency boosters at a Bitcoin conference in Tennessee said they would make the United States the “crypto capital of the planet.”
Following President Trump's landslide victory, the U.S. dollar not only strengthened against the euro, peso, Japanese yen, and Chinese yuan, but also posted its biggest gain since March 2020, according to The New York Times. shown Yields on U.S. government bonds also rose sharply. 10-year government bond yield reportedly It rose 18 basis points to 4.45%.
European stocks fell on Wednesday afternoon, although US markets were ostensibly back on track. CNBC noticed The pan-European Stoxx 600 index was down 0.68% by 4pm London time.
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