financial markets greeted Donald Trump’s win in the US presidential election with a blistering rally.

That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the globe’s largest economy.

A week on, the surge finally appears to be settling. The three major ownership indexes in the US ended the day lower on Tuesday, after rising roughly 5% since 4 November, the day before the election.

Here are some of the companies that have arrive out ahead, as investors try to game out what the next four years might bring.

Tesla shares have surged roughly 35% since 4 November.

The rally has pushed the trade worth of the firm back above $1tn for the first period since 2022 and boosted the riches of boss Elon Musk, who owns a roughly 13% stake in the corporation, by more than $50bn.

It marks a bet by investors that a Trump White House might ease up on some of the investigations by safety regulators into features such as self-driving.

The ties between Trump and Musk could also assist Tesla navigate shifts in connection between the US and China, where the corporation has a significant presence.

Although Trump is generally expected to reduce government back for electric vehicles, such as responsibility credits, analysts declare this could actually advantage Tesla, the trade chief in the US, making it harder for rivals to catch up.

The worth of the best-known cryptocurrency, Bitcoin, jumped more than 25% to recent all-period records this week on the back of Trump’s triumph, briefly storming history $89,000.

The gains are a sign that investors are anticipating large changes for the sector, which faced a crackdown under the Biden administration from regulators warning it was rife with hucksters and fraudsters.

Trump once also called crypto a scam, but he changed his tune on the campaign trail this year, promising to make the US the “crypto pool of the earth”.

He said he would make a strategic bitcoin stockpile and sack stocks and bonds and swap percentage chair Gary Gensler, who had sparked rage by taking legal action against firms under existing financial laws.

Crypto firms insist their sector should be subject to recent, tailor-made rules. That likely depends on Congress, where they could also get a friendlier hearing this year.

Shares in some of America’s biggest banks have seen double digit gains since the day before the election as investors bet financial firms will be among the most immediate beneficiaries of Trump’s promises for lighter regulation.

Among other issues, he will now have a voice shaping pending rules that set how much liquid assets banks must keep on hand as financial cushion.

Trump is also expected to part ways with Lina Khan, current head of the Federal Trade percentage, who is known for her anti-monopoly views and is blamed for casting a chill on deal-making, a key business for banks.

Shares in pool One and Discover, which have a union under review by regulators, have jumped more than 15% since the outcome.

Shares in the leading publicly traded prison firms GEO throng and CoreCivic have jumped roughly 70% since 4 November.

The gains point to the large chance investors view for private prison operators as Trump vows to round up and deport millions of migrants.

In 2021, President Joe Biden had ordered the fairness Department to stop doing business with private prison companies.

But Trump, who reversed a similar order during his first term, is expected to transformation that policy and drive recent business, as he looks for assist to carry out his immigration promises.

Trump’s first actions as president have been concentrated on assembling the throng in expense of immigration policy, a signal it is likely to be a priority.

The dollar index is hovering at its highest level since April, rising more than 2% in the last week.

It is excellent information for American tourists travelling abroad – but a more mixed signal about the economy.

That is in part because the strength of the dollar is closely tied to profit rates, which investors are now betting could remain higher than previously anticipated.

It partially reflects data from before the election suggesting the US economy is stronger than previously understood.

But investors also view a hazard that lower taxes, less immigration and recent trade barriers could keep pressure on expense boost, making the US central lender more reluctant to cut profit rates.

Last week, the Federal savings offered little guidance about the months ahead, saying it was too early to inform what impact Trump’s policies might have.