The Trump Trade drove historic gains Wednesday, with record finishes for all three major indices. The Dow surged 3.6%, the S&P 500 climbed 2.5%, and the Nasdaq rose nearly 3%. Tesla shares jumped almost 15%, with Elon Musk emerging as a significant beneficiary of Trump’s election. Bank stocks such as JPMorgan, Wells Fargo, and Bank of America rallied as investors anticipated Trump’s pro-business policies, including lower taxes and less regulation. Shares of Trump Media and Technology Group rose 6%. Bitcoin also soared, hitting a record above $75,000.
