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Wall Street indices hit new highs
Business Standard|November 07, 2024
Wall Street's main indices soared to record highs on Wednesday, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House.

Wall Street is anticipating lower taxes, deregulation and a US president who is quick to sound off on everything from the stock market to the dollar, even though tariff hikes could bring challenges in the form of higher deficit and inflation.

The Republican's win powered a rally in Trump trades, as US Treasury yields surged, bitcoin hit a record high and the dollar gained.

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Wall Street indices hit new highs
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Esta historia es de la edición November 07, 2024 de Business Standard.

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