Wall Street Rallies After Trump Election Victory

Following Donald Trump's decisive victory in the 2024 presidential election, U.S. stock markets experienced a significant surge, with the Dow Jones Industrial Average rising over 1,200 points, marking its largest single-day increase since November 2022. The S&P 500 and NASDAQ also saw substantial gains, driven by investor optimism regarding potential tax cuts and deregulation. Notably, Tesla's shares jumped 12-15%, reflecting confidence in industrial growth under Trump's administration, while Bitcoin reached an all-time high of $75,000 amid expectations of a favorable regulatory environment. In contrast, European markets reacted negatively, with German automakers experiencing declines and the UK's FTSE 100 slipping slightly due to concerns about potential tariffs. Analysts caution that inflation and interest rate dynamics could pose risks for future market stability. The focus now shifts to the upcoming U.S. Federal Reserve meeting, where a potential interest rate cut will be closely watched.