Trump projected White House win sends Dow futures up 1,000 points

U.S. banal futures rallied arsenic Donald Trump appeared to conclusion Vice President Kamala Harris successful 1 of nan astir contentious elections successful U.S. history. 

Dow Futures Spike: 3:30 a.m. ET 

Dow futures spiked complete 1,000 points, earlier pulling back, arsenic Trump took nan shape astatine his office successful Florida, thanking his supporters and promising to reconstruct nan country. 

“We’re going to salary you back. We are going to do nan champion job. We’re going to move it around. It’s sewage to beryllium turned around, and it’s sewage to beryllium turned astir fast. And we’re going to move it around” said Trump. 

The S&P 500 and Nasdaq futures besides jumped complete 1% successful nan early morning. 

Dow Jones Industrial Average

Trump invited JD Vance, nan presumptive caller vice president, to nan podium to speak, and he said astir reviving the U.S. economy, a apical predetermination issue. 

“We’re going to lead nan top economical comeback successful American history nether Donald Trump’s leadership,” Vance told nan crowd. 

Americans person been dealt a manus with sky-high inflation in caller years. While it has travel down from its 9% peak, prices for mundane items specified arsenic nutrient stay elevated. 

Even earlier Trump appeared to look arsenic nan winner, banal futures were steadily climbing, building connected a rally Tuesday successful which each 3 of nan awesome marketplace averages roseate complete 1% arsenic each nan awesome sectors successful nan S&P 500 locked successful gains. 

“What nan result of an predetermination does is to supply america immoderate definite magnitude of falling uncertainty” Ken Fisher, president and laminitis of Fisher Investments, said during an question and reply connected “Cavuto Coast to Coast” up of nan predetermination outcome. 

Markets climbed heading into nan election, pinch nan S&P 500 and Nasdaq Composite up complete 20% annually, while nan Dow is up 12%. 

Follow on pinch The Post’s sum of nan 2024 election

• Donald Trump wins 2024 statesmanlike election, defying nan likelihood again
• Election Day 2024 unrecorded updates: Trump speaking astatine Florida party
• NY & NJ Election Day 2024 unrecorded updates: Trump sees surge of support crossed NYC
• 2024 statesmanlike predetermination plaything states unrecorded representation –– spot really Trump, Harris are faring successful important states
• Republicans return backmost Senate mostly pinch wins successful West Virginia, Ohio
• Melania Trump shares behind-the-scenes look arsenic Barron casts first-ever ballot

S&P 500

Trump besides praised Tesla CEO Elon Musk, calling nan world’s richest man a caller star.

Musk deed nan run way for Trump, astir precocious headlining a rally astatine Madison Square Garden successful New York City. Trump besides said highly of Dana White, CEO of nan UFC, different staunch supporter. 

Cryptocurrencies were besides riding a activity as Bitcoin touched a caller all-time high, trading supra nan $73,000 level.

While some Trump and Harris were considered pro-crypto, investors leaned toward Trump being much favorable to nan industry.

Annually, nan largest cryptocurrency by marketplace worth is up much than 90% from its 52-week debased of $35,027.44 deed connected Nov. 6, 2023, according to Dow Jones Market Data.