Trump Bump: New York Stock Market Soars to Unprecedented Heights
- Let's connect with Shinyoung Securities and learn about the New York Stock Exchange overnight.
- The New York stock market responded to Trump's election by hitting an all-time high.
- The Dow rose 3.5%, showing the highest increase in two years, while the S&P 500 and Nasdaq rose 2.5% and 2.9%, respectively.
◀ Anchor ▶
Let’s connect with Shinyoung Securities and learn about the New York Stock Exchange overnight.
Caster Ahn Ye-eun, please tell me.
◀ Ye-eun Ahn / Shinyoung Securities ▶
This is Shinyoung Securities.
The New York stock market responded to Trump’s election by hitting an all-time high.
The Dow rose 3.5%, showing the highest increase in two years, while the S&P 500 and Nasdaq rose 2.5% and 2.9%, respectively.
Expectations that the Trump administration’s ‘tax cuts’ and ‘deregulation policies’ will have a positive effect on companies have pushed up stock prices.
Looking at each stock, Elon Musk’s Tesla, which actively supported President-elect Trump, soared 14.7%.
In addition, ‘Trump Media & Technology’ also rose by 6%.
In addition, banking stocks all closed higher, with Wells Fargo rising 13.1% and JP Morgan Chase rising 11.5% on expectations for easing banking regulations.
‘Nvidia’ also rose 4%, maintaining its No. 1 position in market capitalization.
Expectations for a second Trump administration are being strongly reflected in stock prices. The ‘valuation’ of the US stock market, which shows ‘stock price level’ compared to ‘profit’, has risen significantly, and ‘government bond interest rates’ are also rising steeply.
The market atmosphere is hot, but I think it is time to take a close look at hidden risks.
Until now, it was Shinyoung Securities.
MBC News awaits your reports 24 hours a day.
▷ Phone 02-784-4000
▷ Email mbcjebo@mbc.co.kr
▷ Kakao Talk @mbc report