Wall Street Celebrates Trump’s Victory with Stock Market, Dollar and Bitcoin Historical Figures

It is now clear to investors that Donald Trump will once again become President of the United States after his candidacy currently leads in the electoral vote count and has a clear lead in most swing states against Kamala Harris.

The reaction of Wall Street indexes was more than positive, continuing the trend that futures had been indicating since dawn. The power of a comfortable outcome avoids uncertainty and stimulates stock markets, where three major indicators have reached new records: S&P 500 Index (+2.53%, up to 5929 integers), Nasdaq 100 (2.95%, up to 18,983 units), Dow Jones (+3.57%, to 43,729 points), the industrial index marked its biggest post-election gain in more than a century.

Also jumped by 5.8% and the index marked a historical high Russell 2000which brings together small companies because of the possibility that they will benefit from Trump’s economic policies, especially his proposals for tax cuts and protectionist measures.

Companies like Tesla (+14.75%), Elon Musk, registers vertical growth, as do large banks such as Goldman, Citi or Wells Fargo

., whose register increases by almost 10%. Caterpillar advance at 7% and American Express at 5%. Financial companies also had a very positive day, led by Goldman Sachs (13.1%) and JPMorgan (11.5%), industrial company Caterpillar (8.6%) and technology company Intel (7.4%).

He bitcoinThe most used cryptocurrency, which the politician has lent his support to his campaign, began climbing into uncharted territory last night during the vote count and today at the stock market bell. exceeded $76,000record. Trump MediaThe president-elect’s company, which includes his social network Truth Social, surged early morning electronic activity by nearly 40% but closed the session with a slight gain of 5.9%. The sectors reflected the market’s outlook for the new Trump administration: the highest profits were for financial companies (6.16%), industrial (3.93%) and non-essential goods (3.62%). The hardest hit sectors were real estate (-2.64%), essential goods (-1.57%) and public services (-0.98%).

In turn, sales of federal bonds and falling prices increase their yield, and Interest on 10-year debt increases to 4.5%, up 19 basis points. Trump’s return will not alleviate the current high debt and deficit situation in the US in the short term.

There is also a strong overestimation dollar quote in relation to other currencies, while the euro is collapsing at the close of the session they rose 1.6% to $1.07. Price Brent crude oil

the European standard fell 0.81% to $74.92, while Texas The price fell 0.42% to $71.69 per barrel.

Clear victory without uncertainty

At 7:30 am The preliminary election tally had already given victory to Trump, who ultimately won 279 to 223. Harris, who broke the 270-person threshold, representing an absolute majority. The so-called disputed states (Arizona, North Carolina, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin) one after another went over to the Republican side.

Traders appear confident of a Trump victory after winning some of the states he lost to Biden four years ago. “Markets take into account (though perhaps not fully) Republicans will also control Congress. but the House race remains very close. The final result will likely determine how far the dollar recovery can go today,” ING said, knowing the numbers.

“So far the reaction in the foreign exchange market has been as expected. strong dollar across the board. “There is no big divergence in the performance of G10 currencies, with daily losses of around 1-2%, with the exception of the Canadian dollar, which fell less than 1%,” he notes. Francisco Pesole, Orange Bank currency strategist. In fact, the price of the euro has been recorded for at least more than four months at $1.072.

“This reflects the view that Republican landslide victory is positive for the US economy and therefore for Canadian exporters, as well as the fact that the Canadian dollar will be less affected by tariffs on China

and geopolitical developments under the new Trump presidency,” he adds. Chris TurnerHead of Markets and Director of UK and European Analysis at ING.

Mexican peso falls

From Eburycurrency fintech Santander, warns of risks of high US currency strength. “We are seeing massive sell-offs in emerging market currencies.“As investors shrug off rising U.S. tariffs, heightened geopolitical risks and greater global uncertainty under Trump,” the report said.

Just like in 2016, The biggest loser of the night was the Mexican peso.which is down more than 2% against the dollar. Currencies in Central and Eastern Europe are also suffering greatly due to concerns about European security, while many of the currencies in Asia that are closely linked to Chinese economy grows by more than 1% down for the night.