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Economy & Finance

U.S. Stocks

U.S. stocks surged to record highs, with the Dow Jones and S&P 500 marking their strongest weekly performance in a year following Donald Trump’s election victory. The Dow rose 259.65 points, breaking through 44,000 intraday, while the S&P 500 briefly crossed 6,000. Though the Nasdaq showed a more modest gain, it also hit an intraday high. Equities saw broad gains, spurred by optimism over Trump's pro-growth policies and regulatory relief, despite concerns about inflation and high valuations. Investors cheered the Federal Reserve’s rate cut and expressed cautious optimism, though some analysts warned of potential volatility ahead.

Technology

Tesla

Tesla shares surged 8%, surpassing a $1 trillion market cap amid optimism about potential regulatory benefits from a Trump presidency. The week’s 29% rally comes as CEO Elon Musk's ties to Trump and campaign support are seen as advantageous, possibly easing regulations. Analysts highlight Tesla's dominance in the EV market, with prospects of fending off Chinese competitors and navigating a changing subsidy landscape. Despite competition from Waymo in autonomy, Musk plans to push for a federal approval process for self-driving cars, addressing current regulatory hurdles. Tesla reported solid third-quarter earnings, projecting significant vehicle growth next year.

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