From Nasdaq: 2024-11-07 09:22:00

1. U.S. stocks surged to record highs after Donald Trump’s victory in the 2024 Presidential election, with the Dow Jones up 3.6% and the S&P 500 climbing 2.5%. The Nasdaq also hit a new high, while the VIX fear index dropped. Advancers outnumbered decliners on the NYSE and Nasdaq.
2. Trump’s win led to a market rally with expectations of lower taxes and deregulation. Tesla shares soared over 14%, financial stocks like JPMorgan Chase and Wells Fargo jumped, and the Russell 2000 surged 5.8%. Investors anticipate a 25-basis point rate cut from the Federal Reserve.
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Read more at Nasdaq: Stock Market News for Nov 7, 2024