Wall Street salivates over a new Trump boom

(Image: Getty)

Fri, 08 Nov 2024

By Gregory Zuckerman, Lauren Thomas, AnnaMaria Andriotis and Jack PitcherWall Street has rarely been more excited by an election. US stocks’ capitalization rose by US$1.62 trillion (NZ$2.6t) on Wednesday, their fifth-best one-day showing ever, following Donald Trump’s decisive election victory. The surge highlights the opportunity that investors, bankers and others in finance are hoping to embrace over four years of tax cuts, deregulation and economic expansion.“Investors are celebrating,” said Jack Ablin, chie...

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