{"id":2236,"date":"2024-11-06T19:51:06","date_gmt":"2024-11-06T19:51:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2236"},"modified":"2024-11-06T19:51:06","modified_gmt":"2024-11-06T19:51:06","slug":"trumps-win-sends-indices-to-record-highs-financials-small-caps-surge-bitcoin-tops-75000-whats-driving-markets-wednesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2236","title":{"rendered":"Trump&#8217;s Win Sends Indices To Record Highs; Financials, Small Caps Surge, Bitcoin Tops $75,000: What&#8217;s Driving Markets Wednesday?"},"content":{"rendered":"<div>\n<p>An \u201ceverything rally\u201d powered Wall Street on Wednesday after the 2024 election results, with <strong>Donald Trump<\/strong> emerging as the clear presidential winner. The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican <a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/24\/11\/41778433\/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20\">but remains undecided.<\/a><\/p>\n<p>The major U.S. equity indices \u2013 the S&amp;P 500, Dow Jones Industrial Average, and Nasdaq 100 \u2013 surged to record highs in early trading, as investor optimism grew on expectations of more favorable tax policies. <\/p>\n<p>The S&amp;P 500, Nasdaq, and Dow posted gains of 2.3%, 2.4%, and 3.3%, respectively.<\/p>\n<p>However, the real standouts were small caps and bank stocks, with investors turning to domestic businesses and U.S. banks in anticipation of potential tariff protections and further financial deregulation. <\/p>\n<p>The Russell 2000 jumped 5.5%, marking its largest single-day increase in two years. <\/p>\n<p>Large-cap bank stocks climbed 6%, while regional banks tracked by the <strong>SPDR S&amp;P Regional Banking ETF<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/KRE#NYSE\">KRE<\/a>) soared 13%\u2014both seeing their biggest one-day gains since November 2020, when the first COVID-19 vaccine was announced.<\/p>\n<p>Clean energy stocks were among the day&#8217;s worst performers, with the <strong>Invesco Solar ETF<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/TAN#NYSE\">TAN<\/a>) plunging 11% for its steepest drop since March 2020, as &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41784504\/trumps-win-sends-indices-to-record-highs-financials-small-caps-surge-bitcoin-tops-75-000-w\" alt=\"Trump's\" win sends indices to record highs financials small caps surge bitcoin tops what driving markets wednesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An \u201ceverything rally\u201d powered Wall Street on Wednesday after the 2024 election results, with Donald Trump emerging as the clear presidential winner. The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican but remains undecided. The major U.S. equity indices \u2013 the S&amp;P 500, Dow Jones Industrial Average, and Nasdaq [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2236","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2236"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2236\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}