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Trump's Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market
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Tesla soared more than 10% intraday, surpassing a market cap of 1 trillion US dollars, with Elon Musk's net worth exceeding 300 billion US dollars.
After Donald Trump won the usa presidential election, the 'number one contributor' Musk's Tesla company saw a sharp rise in its stock price this week, reaching a new high since 2022. Tesla's intraday high on Friday surged over 50% from its low point in late October. Investors are becoming increasingly optimistic that Tesla may benefit from Trump's return to the White House. Musk had previously stated that he would use his influence in the Trump administration to establish a federal approval process for autonomous cars.
Investors Elect to Accelerate Market on Election Week | Weekly Buzz
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is really informative for newbies like me
Reg3e OP : Learn. Trade. Win
Jackie Hampton : I'm beginner, and when you say 'just buy the whole market'? what exactly does that mean?
Reg3e OP Jackie Hampton : It means investing in a broad market ETF such as VT. It hold thousands of stocks worldwide, so you're diversified across global companies, reducing the risk of being stuck with individual companies, sector, or country performing poorly.
Since ETF like VT is based on Market Cap, poor performing companies will automatically hold less % in your portfolio, while those performing well will gain more % in your portfolio, as reflected in their company growth/market value.
Jackie Hampton : Thank you.. that makes sense..