U.S. stocks rise as Wall Street reacts to Trump election victory

latimes.com

U.S. stocks rose on Monday following Donald Trump's election victory, with the Dow Jones up 0.7% and the S&P 500 gaining 0.1%. Tesla's stock surged 9.1%, while financial stocks benefited from expectations of economic growth and less regulation. Despite the overall gains, some major tech stocks, like Nvidia, fell, impacting market indexes. Nvidia dropped 1.6%, reflecting concerns over high valuations. AbbVie also saw a significant decline of 12.6% after disappointing trial results for a schizophrenia treatment. In the cryptocurrency market, Bitcoin reached a record high of over $87,000, as Trump has shown support for cryptocurrencies. Meanwhile, trading in Treasury bonds was closed for Veterans Day, but yields have been rising amid expectations of economic growth and inflation.


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