A trader works on the New York Stock Exchange
The New York Stock Exchange jumped at the opening on Wednesday after the victory in the US presidential election of Donald Trump, whose economic program is considered favorable to risky assets.
In early trading, the Dow Jones index gained 1,342.89 points, or 3.07%, to 43,564.77 points, a session record, and the broader Standard & Poor's 500 rose 1.94% to 5,894.75 points, also a session high. The Nasdaq Composite takes 1.79% or 330.93 points, to 18,772.761.
The victory of Donald Trump in the presidential election, to which is added a probable majority of the Republican party in the Senate and the House of Representatives, is welcomed by the actions.
The economic program advocated by Donald Trump is in fact considered favorable to growth and inflation, a favorable environment for businesses.
The reduction in corporate taxes and the deregulation promised by the candidate add to the optimism.
“American stocks are the big winners of the election,” judges Maxime Dupuis, co-director of investment at ODDO BHF AM.
“Small caps and the cyclical industrial group sector are likely to outperform. Some highly regulated sectors, such as financial services and energy (excluding renewables), are also expected to outperform. We also expect stocks with high exposure to domestic markets to outperform. and supply chains.
In terms of values, Tesla soars by 13.3%, because the group's leader, Elon Musk, who was one of Donald Trump's most important supporters, could obtain a role within the new administration.
(Written by Corentin Chappron, edited by Kate Entringer)
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