NEW YORK (AP) — The U.S. stock market, Elon Musk's Tesla, banks and bitcoin all stormed higher Wednesday as investors made bets on what Donald Trump's return to the White House will mean for the economy and the world. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about higher inflation.
The S&P 500 rallied 2.5% for its best day in nearly two years. The Dow Jones Industrial Average surged 1,508 points, or 3.6%, while the Nasdaq composite jumped 3%. All three indexes topped records they had set in recent weeks.
The U.S. stock market has historical...
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