The stock indexes of the United States on Wednesday, November 6, showed a sharp increase and closed at a record high amid the news that Donald Trump had won the presidential election.
The Dow Industrials, S&P 500, and Nasdaq Composite each ended at record levels. The corresponding dynamic is related to the fact that investors expect lowering taxes and deregulation. They also assume that the new president of the United States will not shy away from weighing in on everything from the stock market to the dollar. At the same time, the new tariffs, which Donald Trump is likely to decide on, may provoke an increase in the budget deficit and a growth of inflation.
The Dow Jones Industrial Average on Wednesday showed an increase of 3.57%. In this case, the mark of 43.729.93 was reached.
The S&P 500 rose by 2.53%. This indicator was fixed at 5,929.04 after the increase.
The Nasdaq Composite showed a growth of 2.95%. In this case, the mark of 18,983.47 was reached.
The Dow and S&P 500 showed the biggest one-day percentage growth since November 2022. The Nasdaq has reached its highest level since February of the current year.
The Financials index rose by 6.16%. In this case, the best-performing of the 11 major S&P 500 sectors was recorded.
The banking sector, which will be the beneficiary of the expected easing of regulation under Donald Trump, also showed upward indicators. The S&P 500 bank index rose by 10.68%. This indicator showed the biggest daily surge in the last two years.
The small-cap Russell 2000 increased by 5.84%. This upward dynamic of the indicator is the most intense since November 2022. The trajectory of the mentioned figure is related to expectations that stocks focused on the domestic market will benefit from lower taxes, easier regulation, and less exposure to import tariffs.
At the same time, the CBOE Volatility Index, also known as Wall Street’s Fear Gauge, fell by 4.22 points. This indicator closed at a six-week low of 16.27.
Real estate stocks were also on a downward trajectory. The corresponding indicator fell by 2.64%.
As we have reported earlier, Super Micro Shares Demonstrate Decline.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
