S&P 500, Dow futures surge to record high as Trump wins U.S. presidency
Donald Trump won the 2024 U.S. presidential election, capping his return four years after he was voted out of the White House.
Wall Street is anticipating the potential for lower taxes, deregulation and a U.S. president who is quick to sound off on everything from the stock market to the dollar.
Dow futures jumped more than 1,200 points, while those tracking the S&P 500 inched closer to the psychologically significant 6,000 level.
Trump's victory powered a rally in so-called Trump trades, while U.S. Treasury yields surged, bitcoin hit a record high and the dollar gained.
«He (Trump) has a massive endorsement and will move much faster than before. The market will price that in very quickly. What's really important here is the markets like clarity, and they have that,» said Hendrik Du Toit, CEO of Ninety One.
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