Trump's Victory Ignites Stock Surge

  • by:
  • Source: Breitbart
  • 11/06/2024

Stock futures surged and Treasury yields climbed sharply after Donald Trump’s decisive election victory, as traders piled into trades that are seen as aligning with the former president and president-elect’s economic agenda.

Investors scrambled to position themselves for new tariffs, tax cuts, and big shifts in energy and regulatory policy.

Futures on all three major indexes advanced in premarket trading. S&P 500 futures rose over 2 percent, while the Dow Jones Industrial Average futures gained close to 3 percent and the Nasdaq Composite climbed 1.3 percent. The Russell 2000—a barometer for smaller, economically sensitive companies—rallied nearly 6 percent, reflecting optimism in the domestic economy.

The surge in stocks was reminiscent to the market’s reaction to Trump’s surprise victory in 2016.

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