Dow Jones rises 481 points as stocks rally following Trump's victory
qz.com —
The Dow Jones Industrial Average rose by 481 points, or 1.1%, on Monday, following Donald Trump's presidential victory. The S&P 500 also gained 0.2%, while the Nasdaq dipped 0.3%. U.S. bond markets are closed for Veterans Day. Bitcoin reached a new high of $82,000, driven by optimism surrounding Trump's pro-crypto stance. The cryptocurrency has increased by 86% this year and over 113,000% since 2013. Shares of Tesla surged by 5.3%, prompting analysts to raise price targets for the company. Trump Media's stock rose by 4% as it benefits from Trump's return to the White House.