Ladies and gentlemen, it looks like we're back!
No one is happier this morning than the people at the stock exchange. There's finally hope for the American economy as Trump, Vance, and Elon are headed to DC to help make America work again.
Here's what we're looking at:
Stocks rallied Wednesday, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election.
The Dow Jones Industrial Average surged 1,300 points to a record high, or around 3%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500 also hit an all-time high, popping 2%. The Nasdaq Composite climbed 1.8% to an all-time high.
Affordable groceries?
Back on the menu!
Money in the retirement account?
Yesiree!
A sign of things to come.
Investments seen as beneficiaries under a Trump presidency erupted as the former president appeared set to claim victory. Tesla, whose CEO Elon Musk is a prominent backer of Trump, saw shares surge 14%. Bank shares got a boost with JPMorgan Chase, Bank of America and Wells Fargo all jumping at least 6%.
The small cap benchmark Russell 200 jumped 4%. Small companies, which are more domestic-oriented and cyclical, are believed to enjoy outsized benefits from Trump's tax cuts and protectionist policies.
People are investing in American-owned businesses. Trump's future policies are already benefiting workers on our shores.
AMERICA IS BACK, BABY!
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