Dow hits record high after Trump's victory, with S&P 500 and Nasdaq also reaching new highs.

From Investing.com: 2024-11-06 16:04:41

The Dow surges to record high as Donald Trump wins 2024 presidential election, sparking optimism for economic growth. The S&P 500 and Nasdaq also hit record highs. Trump’s win results in Republican control of Congress, potentially boosting investor confidence and supporting the bull market. Market experts predict S&P 500 to rise to 6,600 by 2025. Trump’s expected inflationary policies drive up dollar and Treasury yields. ‘Trump trades’ prosper with stocks like Tesla and Coinbase rising, while renewables like First Solar fall. The Fed meeting on Thursday will be closely watched for signals on future rate cuts amidst sticky U.S. inflation.



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