But their progress remained modest compared to that of Tesla (+ 13.20%), whose boss, Elon Musk, campaigned for Donald Trump and donated millions of dollars to promote the Republican candidate.
Donald Trump has indicated that he intends to entrust Elon Musk with a major role within his future government, dedicated to reducing public spending.
Donald Trump having won the American election, Elon Musk is over the moon: “The prophecy has been fulfilled!”
Another potential beneficiary of less regulation is financial companies, such as JPMorgan Chase (+ 8.78%) or Goldman Sachs (+10.88%). But the momentum went well beyond, supporting the industry in particular, like 3M (+ 3,52 %), Dow (+ 1.40%) or Honeywell (+ 2,55 %).
Conversely, the bond market was battered. The yield on 10-year US government bonds rose to 4.48%, a high in more than four months.
TMTG takes off
The action of Donald Trump’s media group soared by more than 25% on Wednesday at the opening of the New York Stock Exchange, thanks to the victory of the Republican candidate in the American presidential election.
The stock gained as much as 35%, before slowing. Around 4 p.m., it took 11.59%.
European stock markets are relaxing
European stock markets are reassessing Donald Trump’s victory in the American presidential election, falling into the red mid-afternoon on Wednesday.
Frankfurt loose 0.16% and Milan 0.91%, around 3:40 p.m. THE CAC 40, the flagship index of the Parisian market, is down 0.06% after having jumped by more than 2% earlier in the day. London resists +0.14%.
The Stock Exchange Bruxelles it shows a decrease of 0.6%.
