Wall Street makes wagers on the likely winners and losers in a second Trump term
NEW YORK (AP) -- Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets. Since Election Day, investors have sent prices zooming for stocks of banks, fossil-fuel producers and other companies expected to benefit from Trump's preference for lower tax rates and lighter regulation. For retailers, meanwhile, the outlook is murkier because of uncertainty about whether they'll be able to absorb any of the higher costs created by tariffs. For other industries, such as autos, the combination of less restrictive regulation and higher tariffs presents a mixed bag.