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Market winners and losers as Donald Trump triumphs in the presidential race

  • Donald Trump's victory in the presidential election boosted shares of his social media company, Tesla, as well as cryptocurrencies and related stocks on Wednesday.
  • Shares of Trump Media & Technology Group surged as investors wagered Truth Social's parent company would benefit from Trump's second term.
  • Tesla stock rose as much as 15% in premarket trading, and Musk, the CEO, has emerged as one of Trump's most vocal champions and closest advisors.
  • Conventional financial stocks, including Bank of America, JPMorgan, and Goldman Sachs, gained on the expectation of tax cuts and deregulation under Trump's administration.

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