November 6, 2024
Business - 11/6
πŸ“ˆ Stocks Soar Following Election Results, πŸ’° Bitcoin Surges to Record High...
πŸ“ˆ Stocks Soar Following Election Results Stocks skyrocketed as election results emerged, boosting major indexes significantly. πŸ’° Bitcoin Surges to Record High Bitcoin reached a new all-time high, briefly topping $75,000 as Trump aims to position the U.S. as a crypto leader. πŸ“ˆ S&P and Nasdaq Gain Post-Election The S&P 500 and Nasdaq posted gains of 1.4% and 1.2%, respectively, following election day market activity. πŸ•ΆοΈ Apple Developing Smart Glasses Apple is exploring smart glasses to rival Meta, focusing on a lightweight, affordable design. πŸ“ˆ Palantir Stock Rises on Defense Contracts Palantir's stock rose significantly due to strong Department of Defense spending boosting earnings. πŸš— Tesla Shares Surge on Trump Support Tesla shares surged 13% with Elon Musk’s support for Trump contributing to the premarket rally. 🏦 Major U.S. Banks Anticipate Deregulation Shares of major U.S. banks like JPMorgan and Goldman Sachs rose, anticipating deregulation and increased interest income. πŸ’Ή Coinbase Stock Rallies with Bitcoin Coinbase stock increased by 12%, fueled by rising Bitcoin prices and Trump's supportive stance on cryptocurrency. 🌱 Clean-Energy Stocks Drop on Trump News Clean-energy company stocks like Plug Power and First Solar dropped amidst concerns that Trump would limit funding under the Inflation Reduction Act. πŸ“‰ Federal Reserve Expected to Cut Rates Investors expect the Federal Reserve to cut interest rates this week, shifting focus to future economic conditions. πŸ“Š Trump Media Shares Rise Dramatically Trump's media company, Trump Media & Technology, saw its shares soar over 30% amid market volatility. πŸ€– AI Startup Perplexity Valuation Triples AI startup Perplexity is predicted to triple its valuation to $9 billion with a new funding round.
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