The Trump Trade drove historic gains Wednesday, with record finishes for all three major indices. The Dow surged 3.6%, the S&P 500 climbed 2.5%, and the Nasdaq rose nearly 3%. Tesla shares jumped almost 15%, with Elon Musk emerging as a significant beneficiary of Trump’s election. Bank stocks such as JPMorgan, Wells Fargo, and Bank of America rallied as investors anticipated Trump’s pro-business policies, including lower taxes and less regulation. Shares of Trump Media and Technology Group rose 6%. Bitcoin also soared, hitting a record above $75,000.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Trump trade drove historic gains Wednesday with record finishes for all three major indices.
00:07The Dow surged 3.6 percent, the S&P 500 climbed 2.5 percent and the Nasdaq rose nearly 3 percent.
00:14Tesla shares jumped almost 15 percent with Elon Musk emerging as a significant beneficiary
00:19of Trump's election. Bank stocks such as J.P. Morgan, Wells Fargo and Bank of America rallied
00:25as investors anticipated Trump's pro-business policies including lower taxes and less
00:30regulation. Shares of Trump Media and Technology Group rose 6 percent. Bitcoin also soared
00:37hitting a record above $75,000. For all things money visit benzinga.com slash gstv