Wall Street hits record highs and dollar strengthens after Trump election win

inquirer.net

Wall Street reached new highs on Wednesday following Donald Trump's victory over Vice President Kamala Harris in the presidential election. The Dow rose 3.6%, while the dollar strengthened significantly against major currencies. Investors reacted positively to Trump's win, anticipating business-friendly policies and tax cuts. Bitcoin also surged to a record high, surpassing $76,000, as Trump pledged to support cryptocurrency. European markets declined amid concerns over potential tariffs on automakers. Oil prices fluctuated, with expectations of increased U.S. crude production under Trump's administration.


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