'Trump Trades' Fuel Record Highs For Dow, S&P 500. Ark Invest's Cathie Wood Predicts Trump’s Pro-Business Policies Could Outshine Reagan Era’s Economic Gains.

Benzinga

Investors drove U.S. stocks to record highs following Donald Trump’s election, with the Dow surpassing 44,000 and the S&P 500 closing above 6,000. The gains were led by consumer discretionary, financials, and industrial sectors, while tech, healthcare, and real estate saw marginal losses. Cathie Wood of Ark Invest anticipates Trump’s economic policies will outpace the Reagan era, citing expected deregulation and tax cuts. Tesla stock rose 9% amid optimism and a $2 trillion projection by Wedbush, while Bitcoin hit a new high of $88,000 on expected pro-crypto policies.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Investors drove U.S. stocks to record highs following Donald Trump's election,

00:05the Dow surpassing 44,000 and the S&P 500 closing above 6,000.

00:11The gains were led by consumer discretionary, financials and industrial sectors,

00:16while tech, health care and real estate saw marginal losses.

00:19Cathie Wood of ARK Invest anticipates Trump's economic policies will outpace the Reagan era,

00:25setting expected deregulation and tax cuts.

00:28Tesla stock rose 9% amid optimism and a $2 trillion projection by Wedbush,

00:33while Bitcoin hit a new high of $88,000 on expected pro-crypto policies.

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Transcript

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