Wednesday, November 6, 2024

Stocks surge to record highs as Trump returns to presidency

Stocks surge to record highs as Trump returns to presidency

By Chuck Mikolajczak

Wed November 6, 2024 6:01 PM

Wall Street certainly loved the fact that Donald Trump is now President-Elect as both tech indexes had very substantial 3-digit gains and the Dow zoomed huge at more than 1500 points, all reaching these record highs right out the gate and stayed on the rise all day. It was the biggest one-day percentage gains in two years as investors expected lower taxes and deregulation. The VIX dropped to a six-week low of 16.27. Volume was enormous at 18.68 billion, way above the 12.16 average and this time not because of triple-witching.

DJ: 42,221.88  +427.28      NAS: 18,439.17  +259.18      S&P: 5,782.76  +70.07        11/5

DJ: 43,729.93  +1,508.05   NAS: 18,983.47  +544.29      S&P: 5,929.04  +146.28      11/6

 Wed 11-6-24 6:01 pm Stocks surge to record highs as Trump returns to presidency | Reuters



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