S&P 500 Closes at Record Highs Near 6,000 As Stocks Cheer Trump Victory

S&P 500 had two very strong days, climbing above 5,900 points on the Trump trade, as Republicans won the presidency. All three main US indices printed new record highs, as yields edged lower following the Treasury bond auction.

Closing price for Main European Bourses. market rally reflects optimism driven by upcoming election results and potential policy shifts. Major U.S. indices, including the S&P 500 and Russell 2000, closed near their daily highs, showing a strong upward trend. This optimism could be due to expectations that policy changes might favor U.S. businesses.

Small-cap stocks led the charge, with the Russell 2000 gaining 5.5%, indicating confidence in domestically focused companies. Meanwhile, the S&P 500 rose 150 points, or about 3%, fueled by potential shifts in tax policy that could benefit corporations.

The U.S. dollar also strengthened, rising by more than two cents against major currencies. This appreciation shows that investors are increasingly confident in the U.S. economy compared to other global markets.

There is speculation that a potential “Trump 2.0” presidency might introduce a 60% tariff on China, adding some trade policy uncertainty. However, investors seem to be pricing in a return to the business-friendly tax environment of “Trump 1.0,” which remains appealing to stocks.

Closing Levels for Main US Indices

• S&P 500: +2.5% at 5,932 points
• Russell 2000: +5.8%
• Nasdaq: +2.9%

Closing Prices for Main European Bourses:

• Stoxx 600: -0.6%
• German DAX: -1.1%
• France CAC: -0.7%
• UK FTSE 100: -0.2%
• Spain IBEX: -2.9%
• Italy’s FTSE MIB: -1.6%

S&P 500 Live Chart