Stock Markets Soar Post Election

The US stock market is incredibly high today after Donald Trump has roundly secured the position of incoming US President, causing one of 2024’s biggest stock surges.

The Dow Jones is up by 1,500 points, which resulted in an increase of 3.57%. The S&P 500 is likewise gaining quickly, up by 2.53%. The Nasdaq Composite, with its tech focus, has managed to gain 2.95% since the previous day.

All of these are closing numbers for the market from Wednesday, and there is a possibility that they could rise even higher. The Dow Jones is making history here, with this being the first time since 2022 that this stock index has gained more than 1,000 points in a single day. All three indexes closed at record highs for the day.

Why a Trump Win Has Caused a Bull Market

Stock market analysts are surprised by the rapid upswing, but there are a few factors that could account for it. One of those is that Vice President Kamala Harris has conceded the election. There will be no long and drawn out post-election scuffle over whether the results are valid or not. That will make this one of the first elections in the last few decades where a simple concession has occurred. The easy resolution there makes for a stabler market.

Another factor in the stock market’s favor is that Trump is seen as  a businessman first and a politician second. His focus on promoting business was one of the key features of his last term as President, and it will likely continue to be so during this term. A win for Trump is seen as a win for business, in many respects.

In addition to these pieces of good news, this week is Federal Reserve week. We do not expect to hear much about the election from the Fed, but we should see an interest rate decrease by perhaps as much as 25 basis points. The market is up in anticipation of that move.

Some of the big winners on the stock market that expect to benefit form a Trump administration are Tesla (TSLA), JPMorgan (JPM), and Wells Fargo (WFC). These jumped 14%, 11.5%, and 13%, respectively as election news broke.