Wall Street holds gains as stocks remain steady and bitcoin hits record high
Wall Street maintained gains from Donald Trump's election victory, with the Dow Jones up 0.7% and the S&P 500 rising 0.1%. Bitcoin reached a record high above $87,000, driven by expectations of a lighter regulatory environment. Investors are optimistic about Trump's potential tax cuts and deregulation, which they believe will boost the stock market. The S&P 500 is up about 26% this year, supported by enthusiasm for AI and anticipated Federal Reserve rate cuts. In global markets, Europe's main index rose 1.13%, while Hong Kong shares fell due to disappointing economic support measures. Oil prices declined amid expectations of increased supply from Trump's pro-drilling policies.