NEW YORK – U.S. stocks surged to all-time highs on Wednesday after former President Donald Trump made a stunning comeback to reclaim the presidency in the 2024 election.
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed at record levels, as investors responded positively to expectations of lower taxes, deregulation, and a president unafraid to influence key economic factors like the stock market and the U.S. dollar. However, concerns remain over the potential impact of new tariffs, which could exacerbate the federal deficit and drive inflation.
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