Former President Donald Trump’s reelection to the presidency was welcomed by many business leaders and investors. The S&P 500 index went up more than 2.5 percent on the day after Election Day, when Trump’s victory became apparent.
Many expect the Trump administration to enact lower taxes, lighten regulations, and reverse many signature programs of the Biden administration, including the government-mandated transition from fossil fuel energy to wind and solar, and from gasoline-powered cars and trucks to electric vehicles (EVs).
