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Musk To Zuckerberg Wealth: The US stock market jumped with the announcement of 90 days break on the tariff from US President Donald Trump. With this, the wealth of the world’s rich increased a huge increase by about 304 billion dollars on Wednesday, which is a day’s record in the Bloomberg Billionaire Index History. This is possible due to a jump of about 10% in the shares of Meta and Tesla after a week’s huge damage.
It reached 5,456.90 after a rise of 9.52% in S&P on Wednesday, which is a one -day record after 2008. Dow Jones Industrial Average climbed 2.962.86 points with 7.87%, while NASDAQ Composite shares up 12.16%.
After the announcement of the tariff from Donald Trump last week, this surge was seen after the decline in the stock market. However, it was a day to compensate for loss, which in March 2022 broke the record of $ 233 billion in the assets of billionaires one day.
Musk’s assets increase by $ 36 billion
Alan Musk’s company Tesla Inc. has benefited the most from Trump’s tariff break. According to Bloomberg report, the world’s richest Alan Musk’s wealth has increased by $ 36 billion after a 23% jump in EV Maker’s stock. Whereas, Mark Zuckerberg has benefited by $ 26 billion.
After this, the third is the highest grossing Nvidia Corp. K Jensen Huang, whose assets have increased by $ 15.5 billion. The shares of the chip maker have increased by about 19%. However, if seen according to the percentage, then the most benefit Carvana CO. The CEO ERNEST GARCIAII has been given to the property, whose assets have jumped by 25%.
Apple’s stock went up 15% and Walmart’s stock up 9.6%. As soon as Trump announced to apply a brake on the tariff at 1:30 pm according to the US time, Dow 350 points went up, which was the highest increase of the day.
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