Stocks and Cryptos Surge Amid Post-Election Rally

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Source: Investopedia
Stocks and Cryptos Surge Amid Post-Election Rally
Photo: Investopedia
TL;DR Summary

The stock market hit record highs as the post-election rally continued, with the Dow Jones up 0.8% and Bitcoin reaching an all-time high above $86,000. Tesla shares surged over 8% amid optimism about reduced regulations under a Trump presidency. Meanwhile, AbbVie shares fell 12% due to disappointing drug trial results, while Bristol Myers Squibb rose 12% on positive news for its schizophrenia treatment. Cryptocurrency-related stocks also soared, driven by hopes of a crypto-friendly administration.

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