NEW YORK – US stocks soared to record highs on Nov 6 after Republican Donald Trump won the 2024 US presidential election in a stunning comeback four years after he was voted out of the White House.
“The fact that we got a clean result, there’s not going to be any messy contesting or court cases or whatever it might have been, is a relief to markets,” said Mr Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.The Dow Jones Industrial Average rose 1,450.11 points, or 3.43 per cent, to 43,671.12, the S&P 500 advanced 138.27 points, or 2.39 per cent, to 5,920.87 and the Nasdaq Composite gained 514.26 points, or 2.78 per cent, at 18,953.43.
The CBOE Volatility Index, also known as Wall Street’s “Fear Gauge”, dropped more than four points to 16.37 after touching a six-week low of 15.44.