Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally.
That's despite considerable debate about how Trump’s plans for tariffs, lower taxes, and mass migrant deportations might affect the world’s largest economy.
A week on, the surge finally appears to be settling. The three major stock indexes in the US ended the day lower on Tuesday, after rising roughly 5% since 4 November, the day before the election.
Here are some of the companies that have come out ahead, as investors try to game out what the next four years might bring.
The Tesla
Since November 4th, Tesla's stock has increased by about 35 percent.For the first time since 2022, the business's market valuation has risen above $1 trillion, and the rally has increased Elon Musk's wealth by over $50 billion. Musk controls about 13% of the company.
Investors are placing a wager that a Trump administration may relax safety regulators' scrutiny of features like self-driving cars.
Trump and Musk's connections may also help Tesla manage changes in the US-China relationship, where the firm is well-established.
Trump is typically predicted to cut back on government subsidies for electric cars, such tax breaks, but experts think this might actually help.
cryptocurrency
On the heels of Trump's victory, the price of the most well-known cryptocurrency, Bitcoin, surged more than 25% to new all-time highs this week, temporarily surpassing $89,000.
The increases indicate that investors are expecting significant changes for the industry, which was subject to a crackdown by regulators during the Biden administration who warned it was full of scammers and hucksters.
On the campaign trail this year, Trump retracted his earlier claims that cryptocurrency was a hoax and instead pledged to turn the US into the "crypto capital of the planet."
He declared that he would establish a strategic bitcoin reserve and fire Gary Gensler, the chair of the Securities and Exchange Commission, who had incited ire by suing companies under current financial regulations.
Crypto companies insist on their industry.
The increases indicate that investors are expecting significant changes for the industry, which was subject to a crackdown by regulators during the Biden administration who warned it was full of scammers and hucksters.
On the campaign trail this year, Trump retracted his earlier claims that cryptocurrency was a hoax and instead pledged to turn the US into the "crypto capital of the planet."
He declared that he would establish a strategic bitcoin reserve and fire Gary Gensler, the chair of the Securities and Exchange Commission, who had incited ire by suing companies under current financial regulations.
Crypto companies insist on their industry.