The Dow Jones Industrial Average surged by more than 1,500 points on Wednesday, the day after the election, for its biggest one-day gain in two years
A hat in support of Republican Donald Trump, at the New York Stock Exchange, in New York, on Nov. 6.Markets responded to Donald Trump’s resounding victory in last week’s U.S. presidential election with a mix of relief and exuberance: the divisive campaign had finally ended without unrest, and investors appeared to relish the prospect of Mr. Trump’s pro-growth policies, which favour low taxes and deregulation.on Wednesday, the day after the election, for its biggest one-day gain in two years.
To make things interesting, Globe reporters assembled their own 10-stock portfolio, which we call the Hot List. Readers also whomped the Hot List, which, amazingly, ended the day where it began. Perhaps Globe reporters were anticipating a resounding victory by Kamala Harris. And if Mr. Trump lost, well, Trump Media and Technology Group Corp. – the parent company of his Truth Social platform – looked like the obvious stock to bet against.
“The biggest thorn in the side for Big Tech over the last few years has been the head of the Federal Trade Commission, Lina Khan, who has challenged deals of all shapes and sizes in the tech sector,” Dan Ives, an analyst at Wedbush Securities, said in a note.
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