Trump win launches Wall Street to record highs

Reuters

Trump win launches Wall Street to record highs

2024 11월 6, 오후 9:10 GMT

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Main U.S. indexes surge to all time closing highs

Financials lead S&P sector gainers; Real Estate weakest group

Dollar jumps; bitcoin up ~10%; crude slips; gold down ~3%

U.S. 10-Year Treasury yield advances to ~4.44%

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TRUMP WIN LAUNCHES WALL STREET TO RECORD HIGHS

U.S. stocks surged on Wednesday as the American people's decision to re-hire Donald Trump as its President catapulted all three major U.S. stock indexes to all-time closing highs.

The S&P 500 .SPX and the Dow .DJI enjoyed their largest percentage gains in nearly two years.

The day's biggest winners included banks .SPXBK, airlines .SPCOMAIR, small caps .RUT and transports .DJT, all of which outperformed the broader indexes as investors rushed to determine how best to play the Trump victory.

Among individual stocks perceived as Trump-friendly, Tesla TSLA.O jumped 14.8%, for profit prison operator Geo Group GEO.N soared 42.1%, and Coinbase COIN.O surged 31.1%.

Bitcoin BTC= shot to a record high of over $75,000.

Losers include retailers, amid Trump's threat of tariff hikes on China, and green energy firms, who risk losing subsidies under a second Trump administration.

On Thursday, the Federal Reserve will conclude its two-day monetary policy meeting, which is expected to culminate with a 25 basis point reduction in the Fed funds rate.

Financial markets have cemented a 99% likelihood of that occurring, and a somewhat less certain 70.8% possibility of another 25 bps cut in December, according to CME's FedWatch tool.

Economic data on tap for Thursday includes jobless claims, the Labor Department's first stab at third-quarter labor costs and productivity and the Fed's latest data on outstanding consumer credit.

Here's your closing snapshot:

(Stephen Culp, Chuck Mikolajczak)

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FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:

TURNING ATTENTION TO THURSDAY'S FOMC DECISION - CLICK HERE

MOMENTUM HAS BEEN THE HORSE TO BEAT, BUT ARE SMALL AND MID CAPS MAKING A RUN? - CLICK HERE

MORTGAGE SEESAW: RATES JUMP UP, DEMAND TUMBLES - CLICK HERE

U.S. STOCKS SURGE TO RECORD HIGHS, BUT TRADERS EYE YIELD JUMP- CLICK HERE

FROM RED TIDE TO GREEN TIDAL WAVE, U.S. STOCKS POISED TO JUMP ON TRUMP WIN - CLICK HERE

U.S. FISCAL RISKS MAY LURE BOND VIGILANTES - CLICK HERE

STOXX EYES BEST DAY IN A YEAR, VOLATILITY CRUSHED - CLICK HERE

EUROPE BEFORE THE BELL: FUTURES RISE, NOVO EARNINGS - CLICK HERE