The S&P 500 was jumping by 2.1% in early trading and on track to top its all-time high set last month. The Dow Jones Industrial Average was up 1,292 points, or 3.1%, as of 9:35 a.m. Eastern time, while the Nasdaq composite was 2.1% higher.The U.S. stock market has historically tended to rise regardless of which party wins the White House, with Democrats scoring bigger average gains since 1945.
3%Investors see Trump’s policies potentially leading to stronger economic growth, which helps to push prices down and yields up for Treasurys. The yield on the 10-year Treasury jumped to 4.47% from 4.29% late Tuesday, which is a major move for the bond market. It’s up substantially from August, when it was below 4%.Investors also see Trump’s policies adding to future inflation, which likewise pushes up Treasury yields.
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