The New York Stock Exchange closed with fanfare, delighted by Donald Trump’s victory in the US presidential election, which propelled its three star indices to new records.
The Dow Jones at 3.57%, the Nasdaq index at 2.95% and the S&P 500 index at 2.53%.
“The market is in full turmoil after this clear victory,” commented Aaron Clark of GW&K Investment Management to AFP.
In addition to Donald Trump’s return to the White House, Republicans also regained control of the United States Senate on Tuesday.
The partial results did not yet make it possible to determine which party would take control of the House of Representatives.
Investors showed their “optimism regarding growth prospects after Donald Trump’s victory”, underlined Patrick O’Hare of Briefing.com, in a note.
The American market “is enthusiastic” about the idea that “less regulation, lower tax rates, and a favorable business environment (…) will stimulate sales and profitability”, said for its part. Jose Torres of Interactive Brokers.
Donald Trump’s return to power has benefited many sectors, with technology stocks leading the way.
Semiconductor giants jumped like Nvidia (+4.00%), Broadcom (+3.27%), AMD (+2.41%), Micron (+6.04%) and Intel (+7.48%).
Telsa flew away. The action of the group, owned by Elon Musk, took off 14.75%, driven by the support shown by the billionaire for Donald Trump during his campaign.
The boss of the electric car manufacturer should also be rewarded with a position in the future government, dedicated to reducing public spending.
Another big beneficiary of the election of Donald Trump, the financial sector shone: JPMorgan Chase (+11.64%), Goldman Sachs (+13.10%), Bank of America (+8.54%) and Wells Fargo (+13.35%).
As expected, the victory of the Republican candidate also supported oil stocks, such as Chevron (+2.81%), ConocoPhilips (+4.05%), ExxonMobil (+1.72%) and EOG Resources (+4, 17%).
Donald Trump’s media group, Trump media and Technology Group, ultimately climbed 5.94%. The stock soared by more than 17% during the session.
The shares of groups specializing in renewable energies, on the other hand, plummeted.
Solar and wind energy giant NextEra Energy fell 5.25%, while the leading American solar panel manufacturer First Solar fell 10.13%.
The Republican candidate, favorable to fossil fuels, promised during his campaign to “drill at all costs” and openly questioned the reality of climate change, going against the energy transition policy initiated by his predecessor Joe Biden.
Chinese stocks listed on Wall Street were weighed down by the prospect of the increase in customs duties wanted by Donald Trump, including the online commerce giants Alibaba (-2.50%), PDD (-1.29%) and JD.com (-3.40%).
On the bond market, the interest rate on 10-year US government bonds jumped sharply to 4.43%, compared to 4.27% the day before at closing.
Nasdaq
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