Dow and S&P 500 Hit Record Highs Amid Tesla and Bitcoin Surge
TL;DR Summary
The Dow and S&P 500 closed above key milestones as the post-election 'Trump trade' rally continued, with Bitcoin nearing $87,000 and Tesla shares surging. Optimism about lower corporate taxes and deregulation under President-elect Donald Trump fueled market gains, while the Federal Reserve's recent interest rate cut also supported the positive sentiment. However, concerns about the rally's sustainability persist, with upcoming consumer inflation data potentially influencing future market directions.
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- Dow jumps 300 points to close above 44,000 for the first time as Trump enthusiasm continues CNBC
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