Thu Nov 07 06:18:28 UTC 2024: ## Trump’s Victory Boosts US and Indian Markets, Musk’s Wealth Surges
**New York, USA:** Following Donald Trump’s re-election as President of the United States, the US stock market witnessed a significant surge, boosting the fortunes of tech giants like Elon Musk and Jeff Bezos.
The Dow Jones Industrial Average soared by 1508 points, a 3.57% increase, closing at 43,729. The S&P 500 also surged by 2.53%, while Nasdaq gained close to 3%. This positive sentiment propelled the shares of numerous companies, leading to a remarkable jump in the net worth of prominent figures like Elon Musk and Jeff Bezos.
Elon Musk, the world’s richest person, saw his net worth increase by a staggering $26.5 billion, reaching a new high of $290 billion. This surge was primarily driven by a 15% rise in Tesla’s stock price, which closed at $288.53 after opening at $284.67.
The positive impact of Trump’s victory extended beyond Musk’s fortune, with other members of the top-10 billionaires list also experiencing a substantial increase in their wealth. Amazon’s Jeff Bezos saw his net worth rise by $7.14 billion, reaching $228 billion, while Larry Ellison gained $9.88 billion, Larry Page added $5.53 billion, and Warren Buffet’s net worth increased by $7.58 billion.
The Indian stock market also mirrored the US market’s enthusiasm, with the Sensex closing at 80,378.13, up 901.50 points, and the Nifty ending at 24,486.35, up 273.05 points. This positive response is attributed to the positive sentiment generated by Trump’s victory, especially considering his pro-business stance.
It is important to note that investing in the stock market involves risk. It is recommended to consult with market experts before making any investment decisions.
First Piper 