#USElection2024 | #Republicans have won control of the U.S. Senate with victories in West Virginia & Ohio
🇺🇸 Markets welcome President Trump!
🎺 Dow records best day since 2022, last jumped more than 1,000 points in a single day was in November 2022
US markets on Wednesday
#DowJones +3.6%
#Nasdaq +2.95%
S&P500 +2.53%
Broader Markets Outperform
🚀Russell 2000 +5.84%, hit a 52-week high
Reason: Small companies which are more domestic-oriented and cyclical could enjoy outsized benefits from Trump’s tax cuts and protectionist policies
Investments seen as beneficiaries under a Trump presidency erupted in trade
Tesla +14% 🚘 CEO Elon Musk is a prominent backer of Trump
Banks rallied
🏦 JPMorgan Chase +11.5%
🏦 Wells Fargo +13%
🔥 Trump Media & Technology Group +5.9%
Other Asset Classes
🇺🇸 10 year yield surges to 4.43%
💲 Dollar Index at 105.2, at four-month high
⛽️ Brent Crude at 74.9$/barrel
💸 Bitcoin at 75300$, Trump victory heralds wider crypto adoption and weaker regulation
🪙 Gold slips to 2660$/ounce, silver slips 4% to 31.2$/ounce
Key to track on Thursday is Federal Reserve’s interest rate decision & Chair Jerome Powell’s subsequent press conference 👀
#USElection2024
🎺 Dow records best day since 2022, last jumped more than 1,000 points in a single day was in November 2022
US markets on Wednesday
#DowJones +3.6%
#Nasdaq +2.95%
S&P500 +2.53%
Broader Markets Outperform
🚀Russell 2000 +5.84%, hit a 52-week high
Reason: Small companies which are more domestic-oriented and cyclical could enjoy outsized benefits from Trump’s tax cuts and protectionist policies
Investments seen as beneficiaries under a Trump presidency erupted in trade
Tesla +14% 🚘 CEO Elon Musk is a prominent backer of Trump
Banks rallied
🏦 JPMorgan Chase +11.5%
🏦 Wells Fargo +13%
🔥 Trump Media & Technology Group +5.9%
Other Asset Classes
🇺🇸 10 year yield surges to 4.43%
💲 Dollar Index at 105.2, at four-month high
⛽️ Brent Crude at 74.9$/barrel
💸 Bitcoin at 75300$, Trump victory heralds wider crypto adoption and weaker regulation
🪙 Gold slips to 2660$/ounce, silver slips 4% to 31.2$/ounce
Key to track on Thursday is Federal Reserve’s interest rate decision & Chair Jerome Powell’s subsequent press conference 👀
#USElection2024