The stock market reacted positively to Donald Trump's election victory last night, showing significant increases across major indexes in premarket trading led by the Russell 2000.
With the Dow Jones up 2.95% and the Russell 2000 up 6%, market analysts are observing a potential trend of sector rotation towards smaller-cap stocks, which have underperformed recently.
Tesla's stock surged 12% in premarket trading, following Trump's election, as investors anticipate possible favorable policies despite uncertainties about his effect on the EV market.
Trump Media & Technology stock, a reflection of Trump's presidency ambitions, soared by 27% in premarket trading, highlighting market enthusiasm for politically tied investments.
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