November 6, 2024
Business - 11/6
📈 Stocks Soar Following Election Results, 💰 Bitcoin Surges to Record High...
📈 Stocks Soar Following Election Results Stocks skyrocketed as election results emerged, boosting major indexes significantly. 💰 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. 📈 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. 🕶️ Apple Developing Smart Glasses Apple is exploring smart glasses to rival Meta, focusing on a lightweight, affordable design. 📈 Palantir Stock Rises on Defense Contracts Palantir's stock rose significantly due to strong Department of Defense spending boosting earnings. 🚗 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. 💹 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. 📉 Federal Reserve Expected to Cut Rates Investors expect the Federal Reserve to cut interest rates this week, shifting focus to future economic conditions. 📊 Trump Media Shares Rise Dramatically Trump's media company, Trump Media & Technology, saw its shares soar over 30% amid market volatility. 🤖 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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