08 Nov 2024
8m
Stocks jump, the temperamental peso, and other election aftermath indicators
The Indicator from Planet Money
In this episode of Planet Money Indicator, the hosts explore the economic impact of a recent election. The S&P 500 experienced its biggest post-election surge ever, jumping 2.5% as investors anticipated deregulation from the new administration. Meanwhile, the Mexican peso briefly dipped against the dollar, affecting trade between the US and Mexico. The episode also covers voter-approved minimum wage hikes in Alaska and Missouri, which are set to reach $15 an hour by 2026-2027, while a similar proposal in California was still undecided at the time of recording.
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