Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Qualcomm Stock Jumps on Earnings Beat -- Barrons.com
Shares of Companies Within the Broader Technology Sector Are Trading Higher in Sympathy With Overall Market Strength After Donald Trump Was Elected President of the United States.
Pilgrimage moment: Technology giants congratulate Trump on his victory. Let's see what they have to say?
Trump's election victory has triggered reactions in the technology industry, with tech giants like Jeff Bezos of Amazon, Tim Cook, CEO of Apple, and Sam Altman, CEO of OpenAI, all expressing congratulations and looking forward to collaborating with his government in innovation, cybersecurity, and other areas. These leaders' statements highlight the technology industry's attention and expectations for future policy directions.
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