Wall Street hits record high as Donald Trump returns as US President

Quick Summary:

The Republican's win powered a rally in Trump trades, as US Treasury yields surged, bitcoin hit a record high and the dollar gained.

DJI rose 1,190 points, or 2.82 per cent, to 43412.81.The S&P 500 rose 93.73 points, or 1.62 per cent, to 5,876.49​, while the Nasdaq Composite rose 312.049 points, or 1.69 per cent, to 18,751.22.

The small-cap Russell 2000 jumped 4.1 per cent to a nearly three-year high, as domestic-focused stocks expect to benefit from an easier regulatory and tax regime, as well as be less exposed to likely import tariffs.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock market Wall Street Donald Trump US presidential election

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 22:09:23 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23449685

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Official Website: business-standard.com

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Coverage Areas: India

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