2024-11-07 13:29:09
Stocks
Economy
Trump's Victory Sparks Market Surge Amid Economic Concerns
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The Street
Stock movers after Trump's win: Tesla, CVS, Super Micro and more TheStreet Daily Newsletter
Finance
Politics
Economy
Technology
Trump's win boosted stocks, with the Dow, S&P 500, and Nasdaq hitting highs. Investors bet on smaller, cyclical firms gaining from Trump's tax cuts and protectionist policies. Key movers include Tesla, CVS Health which reported an insurance unit loss and rising medical benefit ratio, and Super Micro which issued weak results, lost its auditor, and faced allegations of accounting issues and export control violations.
The Street
Dogecoin memecoin spikes after Trump wins U.S. election
Politics
Finance
Dogecoin, a meme coin boosted by Tesla CEO Elon Musk, spiked 13% after Trump's 2024 win. Other altcoins like Shiba Inu rose 4%. Bitcoin jumped to over $75,000, surpassing its March high. Memecoins outperformed the crypto market, reflecting investor risk-taking. Trump's victory is expected to create a more favorable crypto policy, potentially benefiting bitcoin's value, adoption, and viability, according to James Butterfill, Head of Research at CoinShares. Musk may join the Trump administration,..
tz
Trump's Victory Boosts the Stock Market: "Hold on Tight"
Politics
Finance
Economy
Trump's election victory is driving US stocks, particularly media, technology, and cryptocurrencies; Elon Musk benefits as a supporter; planned import tariffs, however, threaten the euro, the German automotive industry, and the Chinese Hang Seng index, as well as sectors like renewable energy. Experts warn that Trump's measures could burden the US economy and jeopardize jobs; retaliatory measures by the EU could also increase inflation in the eurozone. In a campaign speech, Trump announced that..
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