The financial markets are making their voices heard about how happy they are that President Trump won the election last night and defeated Kamala Harris.
The Dow Jones surged to a record high this morning and Trump’s own company, Trump Media & Technology Group, “surged a whopping 24%.”
Here’s more from CNBC:
Stocks rallied Wednesday, with some 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%.
NBC News projects that Trump will defeat his Democratic rival, Kamala Harris, after winning 276 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Follow CNBC’s 2024 election live blog here.
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