Wall Street Positive, Trump's Victory Is the Cause?

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US stocks were mostly flat on Tuesday after a strong start to the week.


On Monday, major indexes hit record highs, with the Dow Jones up 0.69%, the S&P 500 adding 0.1%, and the Nasdaq Composite up 0.06%.


Small-cap stocks, represented by the Russell 2000, saw an even bigger gain of 1.5%.


The rise was due in part to optimism surrounding the potential re-election of Donald Trump, who has promised deregulation and tax cuts, which will appeal to most investors.


Tesla experienced a sharp rise, jumping 9% amid optimism over Elon Musk's partnership with Trump, which investors believe will support the electric car company's growth.


Bitcoin-related stocks also saw significant gains, as the price of the cryptocurrency king is now nearing $90,000.


Coinbase shares rose 19.8%, while MicroStrategy jumped 25.7%.


However, some major tech companies faced declines such as Nvidia, Microsoft and Apple which all posted slight declines.


Investors are now turning their attention to upcoming statements from Federal Reserve (Fed) officials and earnings reports from companies like Home Depot and Shopify.

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