Trump's policies have mixed impact on stock markets, with tech and U.S. banks benefiting.

From Investing.com: 2024-11-28 05:35:38

November saw clear winners and losers post-Trump election victory, with successful Trump trades boosting U.S. stocks and the dollar while euro and Mexico’s peso dropped. Currency markets face volatility over U.S. tariff risks and economic downturn. Bitcoin surged 37%, aiming for $100,000, amid hopes for a crypto-friendly Trump administration.

Tech stocks rallied, with Tesla surging 33% and Nvidia benefiting from AI fervor. Trump’s tariffs pose risks for tech supply chains and AI spending worries investors. U.S. bank stocks jumped 13% on deregulation hopes, while European banks slumped on weakening economy. Bond markets diverged, with U.S. yields rising and Germany’s falling.



Read more at Investing.com: World markets head for reality check after month of Trump By Reuters