Stock Market Winners & Losers: DOW Soars Over 1000 Points to a Record | Tesla Surge After Elon Musk Backs Trump
Stocks surged to record highs as Donald Trump won the 2024 presidential election, fueling pro-growth, pro-deregulation sentiment. The S&P 500 and Nasdaq Composite both reached all-time highs, while the Russell 2000 rose 4%, benefiting from expected tax cuts and protectionist policies. Optimism is strong, although rising Treasury yields could pose challenges if the 10-year surpasses 4.5%. Tesla shares spiked 14% as CEO Elon Musk, who invested over $132 million in Trump's campaign and was praised by Trump as a "super genius," boosted investor confidence.
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