Wall Street, Crypto Traders Cheer Trump Victory, Sending Dow, Bitcoin Soaring
Republican control could mean big shifts in the winners and losers underneath the surface, and investors are adding to bets built earlier on what higher tariffs, lower taxes and lighter regulation will mean.
The American stock market, Elon Musk’s Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what President Trump’s return to the White House will mean for the economy and world. Among the losers the market sees: the value of the Mexican peso and potentially anyone worried about higher inflation.
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