Stocks soar after decisive Trump victory

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The economy was a top issue among voters in exit polling for the 2024 election with many saying their financial situation was worse off than four years ago, a sentiment that helped Donald Trump win the 2024 election. NBC’s Christine Romans reports for TODAY.

Major stock indices soared Wednesday morning in the wake of Donald Trump's decisive victory in Tuesday's presidential election. When markets opened at 9:30 a.m., the S&P 500 was up 2%, while the tech-heavy Nasdaq climbed at about the same pace%. The Dow Jones Industrial Average gained 1,300 points, or 3.2%. The last time the Dow, which represents larger, more established firms, saw a 1,000 point-jump in a single day was November 2022.

' Shares in major banks, which are often the beneficiary of increased M&A activity, saw large increases, with JP Morgan up 6.8%, Bank of America up 6.6%, and Wells Fargo up 11%. The gains also trickled down to the Russell 2000 index, which represents smaller companies. That benchmark jumped 4%.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين