The U.S. stock market surged Wednesday following former President Donald Trump’s victory.
Trump defeated Vice President Kamala Harris, securing 270 electoral votes just before 2 a.m. EST Wednesday following victories in the battleground states of North Carolina, Georgia and Pennsylvania. U.S. stock indexes jumped following the news, with the S&P 500 and the Dow Jones Industrial Average rising roughly 1.9% and 3%, respectively, as of 11:19 a.m. EST. (RELATED: Stock For Trump’s Truth Social Soars As Election Day Nears)
The U.S. dollar also strengthened greatly following news of Trump’s victory, with the ICE U.S. Dollar Index — the leading benchmark for the value of the dollar — on track for its strongest day Wednesday since Brexit in 2016, according to The Wall Street Journal. Meanwhile, currencies analysts expect could be affected by Trump’s tariffs have taken a nosedive,…
