Markets rallied dramatically Wednesday following Donald Trump’s victory in the 2024 presidential election.

The Dow Jones Industrial Average surged 1,434 points to a record high, or around 3.4%. The S&P 500 also hit an all-time high, popping 2.3%, with the Nasdaq Composite climbing 2.6% to a record of its own.

The dollar also had its highest jump since 2020, most likely a reaction to Trump’s proposals around tariffs, international trade, and taxation. 11/6/2024