US_ Wall Street Celebrates Trump's Return to White House

NEWSMAX

Wall Street Celebrates Trump's Return to White House

By Charlie McCarthy | Thursday, 07 November 2024 10:30 AM EST


President-elect Donald Trump's White House victory immediately energized Wall Street.

U.S. stocks enjoyed their fifth best one-day showing, with capitalization rising by $1.62 trillion on Wednesday, The Wall Street Journal reported.

The surge came less than 24 hours after Trump secured a landslide victory over Vice President Kamala Harris in the presidential election.

Investors, bankers, and others in finance are hoping the second Trump administration provides four years of tax cuts, deregulation, and economic expansion.

"Investors are celebrating," said Jack Ablin, chief investment officer at Cresset Capital in Chicago, The Journal reported.

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READ MORE: https://www.newsmax.com/newsfront/donald-trump-election-wall-street/2024/11/07/id/1187112/

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