Say it with me: “President-Elect Donald Trump.” Fun, isn’t it? Wall Street seems to think so. The financial markets are apparently optimistic as to what a second Trump term might look like because they’re exploding all over the place, with the Dow shattering the 1,000-point mark on Wednesday and other markets showing similar gains. It’s a boom!
The Dow Jones Industrial Average surged 1,425 points to a record high, or around 3.4%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500 also hit an all-time high, popping 2.4%. The Nasdaq Composite climbed 2.8% to a record of its own.
NBC News projects that Trump will defeat his Democratic rival, Kamala Harris, after winning 276 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Follow CNBC’s 2024 election…
