NEW YORK (AP) — The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump’s return to the White House will mean for the economy and world. Among the losers the market sees: solar-power companies and potentially anyone worried about higher inflation.
The S&P 500 was jumping by 2% in midday trading and on track to top its all-time high set last month. The Dow Jones Industrial Average was up 1,304 points, or 3.1%, as of 11:30 a.m. Eastern time, while the Nasdaq composite was 2.3% higher.
The U.S. stock market has historically tended to rise regardless of which party
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