Reported 19 days ago
Donald Trump's election win led to a significant rally in the stock market, benefiting various sectors including financial stocks and cryptocurrencies. The 'Trump trade' saw Trump Media & Technology Group stocks surge over 30%, Bitcoin reaching historical highs above $76,000, and major banks experiencing significant gains. Increased investor confidence in Trump's policies, perceived as favorable for lower regulations and taxes, helped drive this broad market uplift, along with a rise in oil prices and shifts in bond yields.
Source: YAHOO