LIVE Stocks surge after Trump retakes the White House. Follow our live blog. Tel Aviv - Delayed Quote ? ILA Bank of Jerusalem Ltd. (JBNK.TA) Follow Compare 1,400.00 -7.00 (-0.50%) At close: 5:24 PM GMT+2 Related News 'The SEC chair definitely needs to change': Blockworks co-founder Bitcoin (BTC-USD) surges to a record high on Wednesday after former President Donald Trump won the presidential election, securing a second term in the White House. Trump has appealed to crypto traders during his campaign, attending a bitcoin conference and promising to appoint a crypto advisory council and replace Securities and Exchange Commission Chair Gary Gensler. Blockworks co-founder Jason Yanowitz sits down with Wealth! Host Brad Smith to discuss what a Trump victory means for the crypto industry. "From an investor perspective, I mean, the market has responded well," Yanowitz says, nodding to bitcoin's fresh record high. He adds, "Zooming out on a longer-term time horizon, the most important thing that the industry has been requesting from founders like myself inside of the industry is more clear regulations and more clear guidance on how to actually build a crypto company in the United States. And that's, I think, the thing that I'm the most optimistic about." Yanowitz tells Yahoo Finance, "I think the SEC chair definitely needs to change," noting, "I think it's important about the specific SEC chair and more about the things that they will do" regarding crypto regulation. For more on Yanowitz's outlook on the crypto industry under Trump, watch the video above. This post was written by Naomi Buchanan. Yahoo Finance Video ? 15 minutes ago BTC-USD ETH-USD COIN Election results will not impact markets long-term: Expert Stocks (^DJI, ^IXIC, ^GSPC) are rallying on the back of former president Donald Trump's election victory. Mackenzie Global Quantitative senior vice president Arup Datta joins Wealth! to discuss the implications for investors and their portfolios. "My view on being positive in the markets remains," Datta states, noting outperformance in sectors like small caps after Trump's victory. However, he notes that presidential elections "play less of a role" in long-term impacts on markets in the US. He notes that investors should always have value, growth, and quality stocks in their portfolios, saying you "can't always predict which style will be in favor today, tomorrow, [or] in the next 6 months." Regarding specific stock picks, Datta advises investors to consider Nvidia (NVDA), Comerica (CMA), and Norwegian Cruise (NCLH). 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 NCLH CMA NVDA Trump win fuels stock rally: Nasdaq up 400 points, gold plunges Yahoo Finance Anchor Rachelle Akuffo breaks down the top market stories of the day. All major indexes are in the green as investors react positively to the results of the US presidential election. The Nasdaq Composite (^IXIC) is up a notable 400 points today. The race for control of the House of Representatives remains in focus. The Democrats have won 181 seats while the Republicans have 199 seats, with 55 seats yet to be called. However, the Republicans have secured a majority in the Senate. Meanwhile, gold (GC=F) prices are falling as investors shift away from the traditional safe-haven asset and embrace the "Trump trade" instead. Stocks in the green energy sector that were previously buoyed by the prospect of a Democratic victory are now plummeting in the wake of Trump's win. Another stock in the spotlight is Meta Platforms (META) as the Supreme Court is set to hear an appeal from the tech giant regarding a securities fraud lawsuit today. 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 ^DJI META PLUG 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 ? 3 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 ? 4 hours ago XLF ^DJI ^IXIC Why the stock market is up on Trump's win: Regulation, tax cuts All three major indexes (^DJI,^GSPC, ^IXIC) jump in premarket trading after former President Donald Trump secured a second term, winning the presidential election against Vice President Kamala Harris. American Action Forum president and the former director of the Congressional Budget Office from 2003 to 2005, Doug Holtz-Eakin, joins Julie Hyman and Seana Smith to discuss the expected economic impacts of Trump's win and why it's sending US stocks higher. "Certainly the most striking difference between the Biden administration, and what probably would have been the Harris administration, and Mr. Trump is in the regulatory area. The Biden administration has imposed $1.7 trillion of costs on the private sector in not yet four years. That's double what Obama did in eight years. During his four years as president, Donald Trump imposed $40 billion [in] regulatory costs. It's just night and day different on the regulatory front. There's no reason to believe that that will be any different the next time around," Holtz-Eakin tells Yahoo Finance. He adds there's "the unambiguous good news of extending the tax cuts, perhaps getting lower corporate rate as well," though "the question of what happens on the tariff front" persists as with Trump's plans representing "a headwind to growth." Holtz-Eakin says assessing the impact of Trump's tariff plans will depend on which party controls of the House. Another significant impact of Trump's reelection is on immigration. "There will be attempts to change the legal immigration system to minimize immigration to the US. Deportations are a wild card. He promised to deport 11 million people in the 2016 race. That never transpired. We did some work back then that said it would cost $400 [billion] or $500 billion and take about 20 years. None of that played out at all, so I've got an eye on that as well." The immigration plans Trump campaigned on could affect the labor market and, in turn, inflationary pressures. For more market reaction to the 2024 election, click here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 5 hours ago ^DJI ^GSPC ^IXIC What Trump's victory means for crypto, Tesla, and the markets As Donald Trump prepares for his second term in the White House, his impact is making its way through the stock market. U.S. stock futures are surging, bitcoin (BTC-USD) hit an all-time high this morning and continues to trade near record highs, and Tesla (TSLA) is surging in pre-market trading. Trump won the key battleground state of North Carolina and flipped other swing states including Pennsylvania, Georgia, and Wisconsin on his way to become the 47th President of the United States. Republicans also look poised to flip the Senate as Democrats fight to hold control of the House. The 10-year Treasury yield is moving higher. Potential Trump tariffs triggering investors to bet on a faster pace of inflation and a slower pace of interest rate cuts from the Fed. For the latest election news, check out Yahoo Finance's live election blog. This post was written by Daniel A. Nelson Yahoo Finance Video ? 7 hours ago BTC-USD ^GSPC TSLA Election 2024: Why crypto policy should be next president's focus The presidential election results could significantly impact various market sectors, with cryptocurrency emerging as a key focus area. "Trump has always been a little more friendly to the crypto environment, but even Harris had a kind of 'reset' where she kind of sat back down with the crypto community after seeing how influential these dollars were," IDX Advisors chief investment officer Ben McMillan told Yahoo Finance Anchor Josh Lipton. McMillan emphasizes that comprehensive crypto regulation should be a top priority for the next administration, noting that the current regulatory framework has been "haphazard" over the years. "With where we are as a country and our growth cycle, we can't be picking and choosing our spots for innovation, and crypto is a huge source of innovation," he states. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith Yahoo Finance Video ? 20 hours ago ETH-USD SOL-USD BTC-USD Will Elon Musk's 'big bet' on Trump pay off for him and Tesla? Billionaire Tesla (TSLA) CEO Elon Musk has been vocal in his support for former President Donald Trump's election campaign. Intelligent Alpha CEO and founder and Deepwater Asset Management managing partner Doug Clinton sits down with Josh Lipton on Market Domination Overtime to discuss what the election outcome means for Musk and how his political involvement affects investors. "It will be a very interesting night for Elon Musk," Clinton says, adding, "He's obviously made a really big bet on the election going one direction. And I think if it goes against him if Kamala Harris is elected president, I think it probably is a negative for him." He notes that Tesla could stand to benefit from a Harris presidency, given she could provide further tax incentives for electric vehicles as part of a green energy push. Clinton says that Musk will likely "find some way to try to mend fences and say, 'Look, obviously, it didn't go the way that we were campaigning, but we have this agenda that actually does very much align with some of the principles of the Democratic Party.' I mean, Elon probably has done more for bringing sustainable energy into the markets, kind of into the mass markets, really in the US and globally than maybe anybody else in the world." As an investor in Musk's companies, Clinton says, "We try to separate [Musk's companies from his politics]. At Deepwater, we are investors in xAI, and we're big believers that there's basically four companies on Earth that have a chance to build the foundation models that power sort of everything. It's Meta (META) with Llama, it's Google (GOOG, GOOGL) [with] Gemini, OpenAI with GPT, and then xAI with Grok. So that investment is really built, I think, more on just what can they do from a technical perspective." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan Yahoo Finance Video ? 20 hours ago TSLA What technicals are signaling about the market rally's future While equity markets (^DJI, ^IXIC, ^GSPC) adjust to November and election-related volatility, stocks could have more room to run higher especially as seasonality themes become core to market themes. Oppenheimer Head of Technical Analysis Ari Wald sits down with Seana Smith and Brad Smith to discuss what the technicals are telling investors. "This is all the seasonal roadmap is consistent with history. This 1% drop in October, consistent with the typical pre-election year moderation," Wald tells the Morning Brief. "And typically then as we get that uncertain event out of the way, the November, December tends to be a much stronger time of the year. And I would say just given the broadness of the move into the recent highs... just the broadness of the move would suggest that this is an uptrend that can continue." Wald goes on to discuss where there are more defensive opportunities in select sectors, and how small-cap stocks are branching out more to participate in these uptrends for markets. 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 ? 21 hours ago ^DJI ^IXIC ^RUT These Stocks Are Moving the Most Today: DJT, Tesla, Wells Fargo, Coinbase, First Solar, CVS, Super Micro, Nvidia, Discover, and More Trump Media stock rises as Donald Trump wins the U.S. presidential election, Tesla soars, bank stocks rise sharply, and Coinbase and other crypto-related stocks jump as Bitcoin sets a record high. Barrons.com ? 21 minutes ago SMCI NVDA TSLA Goldman Sachs CEO congratulates Trump on election victory, calls for unity Goldman Sachs CEO David Solomon on Wednesday congratulated President-elect Donald Trump on his election victory, echoing earlier comments from CEOs in the technology industry. "Closer to Goldman Sachs, it's clear that a new administration will bring policy changes potentially important to our business and clients," Solomon said in an internal memo to employees that also called for unity after the result. Reuters ? 37 minutes ago GSC Why Home Depot Stock Was Sliding Today Trump's victory could derail a potential housing recovery. Motley Fool ? 45 minutes ago HD ^GSPC Coinbase, MicroStrategy and other crypto stocks are soaring after Trump's election win The crypto community is celebrating President-elect Donald Trump’s election victory, and so are crypto stocks. Bitcoin reached an all-time high Tuesday night, crossing the $75,000 mark, and companies tied to the crypto, such as Coinbase, MicroStrategy, Marathon Digital, Riot Platforms, and Tesla, saw significant gains on Wednesday. Quartz ? 53 minutes ago COIN MSTR Why JPMorgan Chase Stock Popped Today Bank stocks soared on Trump's victory last night. Motley Fool ? 1 hour ago JPM Dow, Nasdaq Futures Race Higher As Trump Wins White House: DJT, Tesla Shares Surge — Veteran Investor Predicts US Economy Could 'Take Off' U.S. stocks could witness a strong opening on Wednesday after former President Donald Trump emerged victorious after a long-drawn battle with Joe Biden and Kamala Harris. With Trump returning as the U.S. President, futures of all three major indices were strongly in the green on Wednesday, pointing to upbeat sentiment on Wall Street. Don't Miss: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives invest Benzinga ? 1 hour ago TSLA Why Tesla Stock Is Skyrocketing Today Why is Donald Trump's election victory powering explosive gains for Tesla stock? Motley Fool ? 1 hour ago TSLA Schwab, Interactive Brokers, and Robinhood Soar Following Trump Victory Financials climbed across the board in anticipation that a new Trump administration will take a friendlier approach to Wall Street than the current Biden administration. Barrons.com ? 1 hour ago SCHW HOOD Rivian Stock Plunged After the Election. Is It a Buying Opportunity? Investors may be wondering why Rivian shares are plunging while Tesla stock is shooting higher. Motley Fool ? 1 hour ago RIVN TSLA Freddie and Fannie’s zombie preferreds surge on Trump win (Bloomberg) -- Shares of long-moribund preferred stock issued by Fannie Mae and Freddie Mac surged on Wednesday amid speculation that Donald Trump will free the housing finance agencies from their crisis-era conservatorship.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowA $6 billion perpetual issue by Freddie Mac sold back in 2007 jumped as much as 70%, its highest in more than three years. Fannie Bloomberg ? 1 hour ago FMCC FNMA Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is TA-125 Return JBNK.TA TA-125 YTD +13.35% +18.82% 1-Year +15.14% +28.01% 3-Year +28.79% +12.86%
