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The Republican’s win powered a rally in Trump trades, as U.S. Treasury yields surged, bitcoin hit a record high and the dollar gained.
The Republican’s win powered a rally in Trump trades, as U.S. Treasury yields surged, bitcoin hit a record high and the dollar gained. (Reuters File)
The S&P 500 and the Dow were set to open at a record high on Wednesday, as Republican Donald Trump won the 2024 U.S. presidential election in a remarkable comeback four years after he was voted out of the White House.
Dow futures soared more than 1,300 points and those tracking the benchmark index inched closer to the psychologically significant 6,000 level.
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.
The Republican’s win powered a rally in Trump trades, as U.S. Treasury yields surged, bitcoin hit a record high and the dollar gained.
