Forbes November 20, 2024
In the days following Donald Trump’s 2024 presidential election victory, the Dow Jones Industrial Average soared to a record high, rising more than 1,500 points. The S&P 500 and the Nasdaq each rose by more than 2%, hitting their own highs. Election-related spikes of this magnitude suggest the market believes a Trump-Vance administration will be more hospitable to business than a Harris-Walz administration would have been.
This is not surprising, given that Trump campaigned on fixing the economy, bringing down inflation, investing in energy, bringing stability across the globe, a more secure border, safety in cities, and reduced government regulation. He’s even announced the creation of a new non-governmental agency, the Department of Government Efficiency, or DOGE, to advise the...
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