LIVE Stocks surge after Trump retakes the White House. Follow our live blog. Kuala Lumpur - Delayed Quote ? MYR KKB Engineering Berhad (9466.KL) Follow Compare 1.5500 +0.0100 (+0.65%) At close: 4:58 PM GMT+8 Related News Big Tech’s earnings season can’t escape the AI trade Big Tech earnings are still beholden to the AI trade. Yahoo Finance ? 20 minutes ago AMD GOOG AMZN Tesla stock surges despite Trump's uncertain EV support Tesla (TSLA) stock is soaring after former President Donald Trump's victory in the 2024 U.S. presidential election. While CEO Elon Musk was a vocal supporter of Trump, the President-elect has not expressed the same enthusiasm for the electric vehicle industry. "It's interesting because there's a lot of government help or regulation or incentive all pushing the electric vehicle transition, and Tesla's absolutely benefited from that. But we also know that Donald Trump doesn't necessarily support that thinking," iSeeCars.com Executive Analyst Karl Brauer told Yahoo Finance. Brauer notes that a "government-led transition to EVs" is not a concept that Trump has embraced. He points to the broader EV market beyond Tesla, noting that other stocks in the sector are not experiencing the same rally as Tesla. "It's interesting to see that people feel like Elon's relationship with Donald Trump will overcome a potential shift in policy," he adds. Moving forward, Brauer believes that Trump's policy regarding EVs may hurt the sector, including Tesla. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 1 hour ago LCID RIVN TSLA Trump's win, Dow's surge, Musk's bet, and the Mag 7: What Wall Street is saying The return of Trump to the White House has Wall Street laser-focused on potential winners and losers. Yahoo Finance ? 2 hours ago TSLA BTC-USD GOOG Novo Nordisk, in a mixed-bag earnings report, beat expectations on Wegovy sales but tightened its 2024 outlook Novo Nordisk reported mixed Q3 earnings, but GLP-1 drugs contributed to revenue strength. The company also adjusted its year-end outlook. Wall Street wasn't cheery about that. Yahoo Finance ? 3 hours ago NONOF NVO LLY As bitcoin hits record high, crypto traders 'confident' on Trump promises Bitcoin (BTC-USD) broke above $75,000 early Wednesday morning — a record high — as the crypto space rallies on Donald Trump's victory in the 2024 presidential election, an upward trend overtaking equity markets as well. Bitcoin was considered to be a part of the "Trump Trade" as holders backed the likelihood of a second Trump presidency in the lead-up to the election. Morning Brief welcomes on Axios crypto reporter Brady Dale to speak more about President-Elect Trump's relationship with the crypto community. "The first thing is probably he's going to get a new SEC [Securities and Exchange Commission} chair, someone else who is not going to be quite so hostile to the industry, isn't going to sue all of the best companies in the space," Dale hypothesizes. "And I think on that question is just what happens to all these lawsuits and threats of lawsuits — Do do a lot of settlements happen? Do they just get thrown out? Because these companies need to know that they can move forward." Brady — the author of SBF: How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy — describes cryptocurrency traders as being "confident" in the fact that Trump will follow through on some of his crypto policy promises, which could lead a push into stablecoin adoption. Follow along Yahoo Finance's extensive coverage of the stock market reactions to the 2024 election results: Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump triumphsDonald Trump has won the 2024 election. Here's what's next on 2 key economic issues.Wall Street scores political victory with a Trump win: 'This should aid all banks'Tesla stock soars by double digits after Trump winDJT stock surges in premarket trading as Trump clinches election winHere's how my 'Trump trade' is doing7 'election trades' Citi is watching To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 4 hours ago DOGE-USD SOL-USD BTC-USD Dow, S&P 500, Nasdaq blast off on Trump 2024 victory Donald Trump was named the victor of the 2024 presidential election and US stocks are booming on this news: the Dow Jones Industrial Average (^DJI) is seeing upside of over 3% at the market open today, with the S&P 500 (^GSPC) flying 1.9% higher and the Nasdaq Composite (^IXIC) seeing gains of 1.8% right beside it. The financial sector (XLF) is blasting over, moving 5.5% higher at the day's start as Wall Street anticipates a second Trump presidency will greatly benefit the banking industry. The Morning Brief's Brad Smith is joined by Yahoo Finance markets and data editor Jared Blikre in their analysis of movements in the market indexes, Russell 2000 (^RUT), Treasury yields (^TYX, ^TNX, ^FVX), and commodities. Follow along Yahoo Finance's extensive coverage of the stock market reactions to the 2024 election results: Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump triumphsDonald Trump has won the 2024 election. Here's what's next on 2 key economic issues.Wall Street scores political victory with a Trump win: 'This should aid all banks'Tesla stock soars by double digits after Trump winDJT stock surges in premarket trading as Trump clinches election winHere's how my 'Trump trade' is doing7 'election trades' Citi is watching To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 5 hours ago XLF ^DJI ^IXIC Trump victory, Trump trade, banks and energy react: 3 Things US stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) roar to life Wednesday morning after former President Donald Trump was named the winner of the 2024 presidential election. Shares of Tesla (TSLA) and Trump Media & Technology Group (DJT, DJTWW) are also soaring alongside other key companies part of the so-called "Trump trade" rallying on the news. Big Banks and major oil producers — Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), Wells Fargo (WFC), Citigroup (C), Bank of America (BAC), Exxon Mobil (XOM), Chevron (CVX) — are getting a push higher in their stock price, while solar energy companies like First Solar (FSLR) and Sunrun (RUN) sink further. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 6 hours ago DJT DJTWW JPM Tesla stock soars by double digits after Trump win Tesla CEO Elon Musk had been a heavy supporter of Trump's campaign. Yahoo Finance ? 6 hours ago TSLA The one word that's popping up everywhere this earnings season: Morning Brief The S&P 500's earnings season is 80% done and the word "bottom" keeps popping up. It could mean a two-year tough stretch for manufacturing may be over soon. Yahoo Finance ? 9 hours ago SPY ^GSPC NVDA Nvidia just became the world's largest company amid AI boom Nvidia on Tuesday exceeded Apple’s market capitalization to become the world’s largest company, on the strength of a global AI push. As Bloomberg notes, the chipmaker has experienced an astronomical 850% growth since the tail end of 2022. Nvidia was valued at $3.43 trillion at the close of market, topping Apple’s $3.38 trillion. This isn’t the first time the two have swapped places; Nvidia also pushed past Apple in June, though it only held the top spot for a day. Apple recently launched its own TechCrunch ? 21 hours ago NVDA Why the market is 'better off' with Harris win and divided govt. US stocks (^DJI,^GSPC, ^IXIC) closed higher as investors wait for the results of the US election. Infrastructure Capital Advisors CEO Jay Hatfield joins Market Domination Hosts Julie Hyman and Josh Lipton to break down what the election means for markets. "We actually have a differentiated view, which is that it really doesn't matter that much unless there's a sweep by one side or the other," Hatfield tells Yahoo Finance. He notes "We think generally these trades are overdone, with the one exception that major changes in corporate tax rates can be great or horrific for markets." Hatfield says he'll be focused on the Senate race, explaining "We don't think it's knowable on the House or the presidential [election], but the Senate is completely different. It's [an] almost unprecedented advantage to the Republicans. And it's in states that aren't driven as much by turnout. They're not swing states. You could very well get this Senate locked up, which would create stability in the markets and probably spark a rally. And that's why we increased our [S&P 500] target, not for this year, but for next year ... Just to tell people, even though the market's expensive, we still think you should stay long through the end of the year." "We think the stock market might be better off assuming divided government with a Harris presidency," he says, explaining that a second Trump presidency would result in a Democratic sweep come midterms which could create fears of instability in the market. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 22 hours ago ^IXIC ^DJI ^GSPC Nasdaq, stocks surge as investors await 2024 election results US stocks (^DJI, ^IXIC, ^GSPC) took off in Tuesday's session, the Nadaq Composite leading the charge by closing over 1.4% higher as markets await US presidential election results. Market Domination Overtime host Julie Hyman recaps Election Day's market movements, noting the upward momentum in the Russell 2000 (^RUT) small-cap index, the bond market (^TYX, ^TNX, ^FVX), and Big Tech leaders. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 23 hours ago ^DJI ^NDX ^IXIC Donald Trump Election Victory Sparks Surge In Treasury Yields; Dow Jones Banks Jump Treasury yields surged Wednesday, as Wall Street reacted to Donald Trump's election victory. The 10-year yield reached 4.44%. Investor's Business Daily ? 24 minutes ago ZION GS JPM Dogecoin memecoin spikes after Trump wins U.S. election Shiba Inu and bitcoin also jumped on the heels of Trump's victory. TheStreet ? 27 minutes ago TSLA Musk Is About to Find What $130 Million for Trump Gets Him (Bloomberg) -- No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off, or if he ends up getting burned.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationListen and subscribe to Elon, Inc. on Apple, Spotify, iHeart an Bloomberg ? 38 minutes ago TSLA Stocks Hit Fresh Highs as ‘Red Sweep’ Wagers Grow: Markets Wrap (Bloomberg) -- Stocks hit all-time highs, bond yields jumped and the dollar was set for its best day since 2022, with investors mapping out Donald Trump’s return to the White House and the potential for Republicans to win both houses of Congress.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe S&P 500 climbed 2.4%, he Bloomberg ? 41 minutes ago ^GSPC Tech CEOs congratulate Trump on election victory Investing.com -- Following election night’s overwhelming victory for President Donald Trump, tech CEOs across Silicon Valley are out congratulating the president-elect. Investing.com ? 48 minutes ago TSLA GOOG Tesla investors lose bid for new US trial over Musk's 2018 tweets A U.S. appeals court on Wednesday upheld a jury's verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had "funding secured" to take the electric car company private. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected arguments by lawyers for Tesla investors that the instructions jurors received on the law from the judge presiding over the case before they delivered their verdict in February 2023 were flawed, warranting a new trial. Lawyers for Tesla shareholders argued the jury instructions were confusing and impermissibly heightened their burden of proof by requiring them to establish Musk knowingly made false statements when he wrote his posts on Twitter, the platform now known as X following Musk's $44 billion acquisition of it in 2022. Reuters ? 1 hour ago TSLA Stock movers after Trump's win: Tesla, CVS, Super Micro and more Here are the stocks making the biggest market moves midday. TheStreet ? 1 hour ago SMCI TSLA CVS Schneider National cuts outlook, ‘commoditized’ one-way fleet uninvestable Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits. The post Schneider National cuts outlook, ‘commoditized’ one-way fleet uninvestable appeared first on FreightWaves. FreightWaves ? 1 hour ago SNDR ^GSPC Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is FTSE Bursa Malaysia KLCI Return 9466.KL FTSE Bursa Malaysia KLCI YTD +9.64% +12.34% 1-Year +15.95% +12.71% 3-Year +19.32% +6.69%
