Stock Market Winners & Losers: S&P 500 Rises Slightly Ahead of Fed Meeting | Elon Musk Wins Big with Trump Bet | Theaters Hopeful for a ‘Wickiator’-Fueled Comeback
Stocks surged to record highs after Donald Trump’s election victory, with the S&P 500 up 2.5% and bitcoin hitting a new peak above $76K. Financial stocks led gains, while Tesla shares spiked 15%. Trump’s win boosted the net worth of the 10 richest people by $64 billion, with Elon Musk, Larry Ellison, and Warren Buffett earning $26.5 billion collectively in one day. Musk, who invested over $100 million in Trump’s campaign, could see significant benefits for Tesla and SpaceX tied to government contracts and regulations.
The box office is hoping for a revival with releases like “Wicked” and “Gladiator II” on November 22, and “Moana 2” soon after. After a challenging year with flops and strikes, major theater chains are investing $2.2 billion to modernize 22,000 screens, betting on immersive experiences like 4DX to draw audiences.
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