The S&P 500 Index ($SPX) (SPY) today is up +0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.94%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.07%.
Stocks today are moderately higher, with the S&P 500 and the Dow Jones Industrials posting new all-time highs. Stocks are extending last week’s post-election gains on speculation President-elect Trump will boost corporate profits through tax cuts and reduced regulation. Also, Tesla is up more than +8%, adding to last week’s +26% surge on speculation the company will benefit from a Trump presidency. In addition, cryptocurrency-related stocks are soaring today on speculation digital assets will benefit from the Trump administration’s pro-crypto policies. Trading activity in equities may be below average today, with the cash treasury market closed for the Veterans' Day holiday.
