Trump's Election Boosts Stocks

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The Arizona Republic

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Stocks soar to record high after Trump win. Which Arizona firms, industries won big?

Summary

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86% Informative

The Dow Jones Industrial Average rose to a record-high close of 43,730 , up 3.5% for the day .

Many Arizona -based companies with a sizable Arizona footprint had a big day on Wall Street.

The election results brought some stock-market losers too, with investors reacting to the possibility that Trump might scale back support for green energy.

Arizona 's tech stocks were mixed, with Rogers Corp. rising more than 8% and ON Semiconductor advancing.

Shares of Tempe -based Amkor Technology rose 4% for the day , and Intel was up around 7% .

Trump has criticized "rich" semiconductor manufacturers and recently slammed the CHIPS and Science Act.

Biden's Commerce Department earlier announced preliminary grants of $8.5 billion for Intel and $6.6 billion for TSMC .

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formal

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English

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