After Donald Trump’s victory in the 2016 presidential election, several sectors and stocks experienced gains in the market. Some of the industries that saw an increase in performance include financials, defense, and infrastructure.
Financial stocks, such as banks and insurance companies, surged following Trump’s win. This was due to his promises of deregulation and potential tax cuts, which could benefit these firms. Some of the top performing financial stocks included JPMorgan Chase, Goldman Sachs, and Bank of America.
Defense stocks also saw a boost as Trump’s victory indicated a potential increase in military spending. Companies like Lockheed Martin, Raytheon, and Northrop Grumman experienced gains as investors anticipated higher defense budgets under the new administration.
Infrastructure stocks were another sector that saw an uptick after Trump’s win. His promises of investing in rebuilding America’s infrastructure led to increased optimism in companies like Caterpillar, United Rentals, and Vulcan Materials.
Overall, Trump’s victory had a notable impact on the stock market, with certain sectors experiencing significant gains in the days following the election. Investors will continue to monitor these industries closely as Trump’s policies unfold during his presidency.