Stock Market Reacts to Trump Victory: Clean Energy Falls, Tesla, Crypto, and Trump Media Surge

Following Donald Trump's victory in the presidential election, the stock market has shown a mixed reaction. Clean energy stocks, including First Solar (FSLR), have declined by 13% due to fears of cuts to the Inflation Reduction Act (IRA). In contrast, Tesla (TSLA) has surged by 12% as expected EV incentives under Trump's administration are seen to pressure competitors. Additionally, cryptocurrency stocks such as Coinbase (COIN), Bitcoin (BTCL), Robinhood (HOOD), and MicroStrategy (MSTU) have risen over 10%, driven by Trump's favorable stance on crypto. Banks and tech stocks have also rallied, reflecting investor confidence in these sectors under Trump's leadership. Trump Media is also experiencing a surge.