Stocks making the biggest moves midday: Super Micro Computer, Tesla, Coinbase, Planet Fitness and more
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
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Source: CNBC
Trump's Election Impact on Stocks: Following Donald Trump's election victory, stocks related to his businesses and industries he supports surged, including Trump Media & Technology, Tesla, and various bank stocks, while clean energy and cannabis stocks fell due to anticipated regulatory changes.
Market Reactions and Predictions: Investors reacted positively to the prospect of looser regulations under Trump's presidency, leading to significant gains in sectors like banking and steel, while retail stocks faced declines due to fears of proposed tariffs affecting imports.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
