Trump’s Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market
Donald Trump‘s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once again break record highs.
Investors are betting that Trump’s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for corporate America. They may be underestimating the impact of higher deficits and tariffs on inflation.
Among mega-cap companies, Tesla Inc. (NASDAQ:TSLA) stood out, soaring about 30% this week, which significantly boosted Elon Musk‘s wealth in the wake of Trump’s victory.
Small- and mid-sized stocks outperformed large caps, driven by expectations that trade restrictions could favor domestic businesses over global corporations. The Russell 2000 index, as tracked by the …
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