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Stocks and bitcoin jump after Trump's victory. So do worries about inflation as Dow surges 1,300

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The U.S. stock market, Elon Musk's Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump's return to the White House will mean for the economy and world.

The U.S. stock market, Elon Musk's Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump's return to the White House will mean for the economy and world. Among the losers the market sees: solar-power companies and potentially anyone worried about higher inflation.The S&P 500 was jumping by 2% in midday trading and on track to top its all-time high set last month. The Dow Jones Industrial Average was up 1,304 points, or 3.1%, as of 11:30 a.m.

Immigration and Customs Enforcement, or ICE. GEO Group, which runs ICE processing centers, jumped 35.5%.STOCKS OF SMALLER COMPANIES, upTrump's America-First policies could help companies that focus on customers within the United States, rather than big multinationals who could be hurt by increased tariffs and protectionism. The Russell 2000 index of smaller stocks, which are seen as more domestically focused than the big stocks in the S&P 500, jumped 4.5%.

 

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