Post-Election Rally Boosts S&P 500 and Bitcoin to New Highs
TL;DR Summary
The S&P 500 closed above 6,000 points, gaining 0.1% as investors reacted to the recent election and Federal Reserve interest-rate cuts. Bristol-Myers Squibb shares surged 10.5% after AbbVie's schizophrenia treatment failed in trials, while AbbVie shares fell 12.6%. Tesla shares rose 9% amid expectations of CEO Elon Musk's advisory role in the new administration. Monolithic Power Systems shares dropped 15% due to potential reduced use by Nvidia. The Dow closed above 44,000 for the first time, and bond markets were closed for Veterans Day.
- S&P 500 Gains and Losses Today: Index Closes Above 6,000 on Post-Election Rally Investopedia
- These stocks have major upside because of potential Trump policies, analysts say CNBC
- Wall Street extends post-election gains; Bitcoin hits new high Reuters
- Stock Rotation Lifts Small Caps to Three-Year High: Markets Wrap Bloomberg
- Bitcoin Price Sets Another Record as Post-Election Rally Continues The New York Times
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