Wall Street smashes records, dollar soars after Trump’s win

Published
0

Wall Street rallied into record territory, the dollar soared and bitcoin scaled a new peak yesterday as the world gears up for another Donald Trump presidency.

The Dow soared three per cent while the S&P 500 and Nasdaq Composite jumped around 2pc.

Trump Media & Technology Group, in which the former president owns a majority stake, soared about 30pc.

Shares in Tesla soared 13pc after Trump praised the electric car maker’s boss Elon Musk, a key campaign backer, as a “star” during his victory speech.

Bitcoin sprung $6,000 higher to a record $75,371.67, topping its previous peak of nearly $74,000 in March.

Read more here:

Opinion

Editorial

Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...
Climate challenges
Updated 13 Nov, 2026

Climate challenges

Pakistan cannot afford to confront its climate crises one disaster, one season and one international summit at a time.
Under fire
Updated 13 Nov, 2026

Under fire

KP police are increasingly vulnerable as they play a frontline role in ongoing operations against terrorists.
Used car imports
13 Nov, 2026

Used car imports

THE government’s effort to restrict used car imports appears to be faltering. So suggest the numbers. Despite...