U.S. markets partially reversed gains attributed to the 'Trump Trade,' reflecting ongoing uncertainties about the incoming administration's policies that are influencing investor sentiment.
Financial and energy sectors continued their positive momentum, largely driven by expectations of deregulation and favorable mergers, highlighting the sizable impact of political climate on market behavior.
Contrarily, health care stocks faced pressure following speculation about Robert F. Kennedy Jr.'s potential leadership at HHS, raising fears of increased scrutiny on the sector's regulations.
Tesla initially rallied significantly, spurred by political optimism; however, news about potential elimination of the EV tax credit dampened enthusiasm, adversely affecting EV manufacturers.
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