Donald Trump’s election victory has sparked a massive rally in the stock market.
Banks and industrial companies led the surge as investors bet that Trump’s plans for deregulation and tax cuts will boost economic growth.
Shares of big banks, like JPMorgan and Goldman Sachs, soared as investors predicted fewer regulatory restrictions.
Meanwhile, industrial giants such as Caterpillar and steelmakers like Nucor also hit record highs, reflecting optimism about U.S. manufacturing.
In contrast, clean-energy stocks took a hit, as Trump’s policies are expected to favour traditional energy sectors.
This surge comes amid rising Treasury yields and falling gold prices as investors gain confidence in the transition to a Trump administration.
