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cover of episode Stocks jump, the temperamental peso, and other election aftermath indicators

Stocks jump, the temperamental peso, and other election aftermath indicators

2024/11/8
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The Indicator from Planet Money

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The S&P 500 index saw a historic jump of 2.5% the day after the election, driven by expectations of lower corporate taxes and reduced regulations under the new administration.
  • Biggest post-election day spike ever recorded by Bloomberg.
  • Industries like banking saw significant gains due to anticipated looser financial regulations.
  • Some sectors, like retail companies dependent on cheap Chinese goods, saw their share prices decline.

Shownotes Transcript

It's ... Indicators of the Week! It's that time of week when we look at the most fascinating economic numbers from the news. On today's episode: Election aftermath. Stocks jump, the temperamental Mexican peso, and which states are raising minimum wage.Related Episodes:Should We Raise The Minimum Wage?)America's economy is the envy of the world. Will it stay that way?)Learn more about sponsor message choices: podcastchoices.com/adchoices)NPR Privacy Policy)