Last Tuesday, the U.S. election was held, and President Trump announced his victory. This led to a big change in the stock market, with people selling stocks of companies they thought would suffer under the Republicans and buying stocks of companies that might do well. The stock market went up a lot, with the S&P 500 index rising 2.5%, the biggest increase ever after an election.
The Dow Jones Industrial Average went up 3.57%, the biggest increase in two years. The Nasdaq also went up 2.95%. Many different stocks went up, like Tesla, which rose almost 15%, and other companies related to energy and cryptocurrencies also did well. The value of the U.S. dollar also went up, and other currencies like the Japanese yen, yuan, and euro went down.
The price of oil went down a bit, but then went back up. The price of gold went down a lot because people were worried about inflation and the Federal Reserve might not lower interest rates anymore. The U.S. election results are making people think that the “Trump 2.0 era” is starting, and they expect the economy to grow and inflation to rise.
People are paying close attention to the Federal Reserve’s monetary decision and what the chairman, Jerome Powell, will say. 4E is a website where people can trade cryptocurrencies, stocks, and other things. They recently started a new product that lets people invest in a stablecoin called USDT with an annual return of 5.5%.
They also remind people to be careful about how the market changes and to make smart choices with their money.
