BREAKING Donald Trump wins the 2024 presidential election SNP - Delayed Quote ? USD S&P GSCI Silver Index (^SPGSSI) Follow 1,600.34 +8.11 (+0.51%) At close: 7:41 AM EST Related News What Trump's victory means for crypto, Tesla, and the markets As Donald Trump prepares for his second term in the White House, his impact is making its way through the stock market. U.S. stock futures are surging, bitcoin (BTC-USD) hit an all-time high this morning and continues to trade near record highs, and Tesla (TSLA) is surging in pre-market trading. Trump won the key battleground state of North Carolina and flipped other swing states including Pennsylvania, Georgia, and Wisconsin on his way to become the 47th President of the United States. Republicans also look poised to flip the Senate as Democrats fight to hold control of the House. The 10-year Treasury yield is moving higher. Potential Trump tariffs triggering investors to bet on a faster pace of inflation and a slower pace of interest rate cuts from the Fed. For the latest election news, check out Yahoo Finance's live election blog. This post was written by Daniel A. Nelson Yahoo Finance Video ? 1 hour ago BTC-USD ^GSPC TSLA Why the market is 'better off' with Harris win and divided govt. US stocks (^DJI,^GSPC, ^IXIC) closed higher as investors wait for the results of the US election. Infrastructure Capital Advisors CEO Jay Hatfield joins Market Domination Hosts Julie Hyman and Josh Lipton to break down what the election means for markets. "We actually have a differentiated view, which is that it really doesn't matter that much unless there's a sweep by one side or the other," Hatfield tells Yahoo Finance. He notes "We think generally these trades are overdone, with the one exception that major changes in corporate tax rates can be great or horrific for markets." Hatfield says he'll be focused on the Senate race, explaining "We don't think it's knowable on the House or the presidential [election], but the Senate is completely different. It's [an] almost unprecedented advantage to the Republicans. And it's in states that aren't driven as much by turnout. They're not swing states. You could very well get this Senate locked up, which would create stability in the markets and probably spark a rally. And that's why we increased our [S&P 500] target, not for this year, but for next year ... Just to tell people, even though the market's expensive, we still think you should stay long through the end of the year." "We think the stock market might be better off assuming divided government with a Harris presidency," he says, explaining that a second Trump presidency would result in a Democratic sweep come midterms which could create fears of instability in the market. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 14 hours ago ^IXIC ^DJI ^GSPC Election Day 2024: The one sector this strategist is watching Voters across America are deciding between electing Vice President Kamala Harris and former President Donald Trump as the 47th US president. Evercore ISI senior strategist Matthew Aks joins Market Domination to break down what each candidate's respective policy agendas would mean for markets and the economy. "I think there are a few clear spots where you're going to see major differences between Trump and Harris show up quite quickly," Aks told Yahoo Finance. He notes that if Harris were to win, sectors like energy, healthcare, and financials could benefit. Conversely, a Trump win could lead to "big structural shifts" in areas like tariffs and immigration policy. However, Aks believes the federal deficit is expected to grow significantly regardless of who wins, with projections of a $3.95 trillion increase under Harris versus a $7.75 trillion rise under Trump's policies. "One interesting area we'll be watching closely over the next couple days is clean energy stocks," Aks states, noting that Harris's agendas would be better for this sector. However, he adds that with the increase in demand for energy, "I think either way, whoever wins, the next president is going to have to adopt something of an 'all of the above' energy strategy." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith Yahoo Finance Video ? 15 hours ago ^GSPC Market themes to bank on no matter who wins the White House Election Day has arrived, and either Vice President Kamala Harris or former President Donald Trump will become the 47th president of the United States. Raymond James' Washington policy analyst and managing director Ed Mills joins Morning Brief to examine top policy issues the elected official will have to deal with. Mills points to two key policy issues that could influence market dynamics in the year ahead - the debt limit negotiations and the future of tax extensions. Regarding the debt limit, Mills notes that the US will not default on its debt obligations. However, he warns this could still become "a bond market story for next year." The longer the debt limit remains unresolved, the more the Treasury markets could be depressed. On the tax extension front, Mills notes Democrats would likely favor removing the $10,000 cap on state and local tax (SALT) deductions. However, investors would have to question how much Republicans would want to cut taxes in terms of size and how that would ultimately impact the federal deficit and bonds. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 18 hours ago ^GSPC ^IXIC ^DJI Harris or Trump? For stocks, it probably won't matter The highly anticipated 2024 US presidential election is here, with Vice President Kamala Harris and former President Donald Trump vying to become the next commander in chief. But how much would a Republican or Democratic victory impact market dynamics? Yahoo Finance Anchor Madison Mills breaks down the details, discussing the historical performance of the S&P 500 under each party's presidency. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 21 hours ago ^GSPC US Stocks, Dollar Rally as Trump Wins US Election: Markets Wrap (Bloomberg) -- Donald Trump’s victory in the US presidential election unleashed a shockwave in global markets as traders prepared for dramatic policy and economic change under the new administration.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersS&P 500 futures climbed 1.9%, the dollar had its biggest gain since 2020 and Bitcoin spiked to a rec Bloomberg ? 25 minutes ago ^GSPC Dow Futures Leap 1,200 Points as Trump Wins Election Donald Trump has won the presidential election and U.S. stocks are set to rise in response. Dow Jones Industrial Average Index futures were up close to 1,200 points, or around 2.8%, after the Associated Press called the election for Trump as he won a series of battleground states over his opponent Vice President Kamala Harris. S&P 500 futures were up more than 2% and Nasdaq futures were climbing 1.5%. Barrons.com ? 29 minutes ago ^DJI ^GSPC From Dollar to Stocks, Trump Trade Erupts Across Markets (Bloomberg) -- Donald Trump quickly put his stamp on financial markets as his victory in the US presidential election propelled “Trump Trade” plays across assets. Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersUS stocks surged, with S&P futures climbing 2.3%; the dollar posted its biggest gain against major currencies since 2020; Treasury bonds Bloomberg ? 55 minutes ago ^GSPC This Could Be the Next Major Artificial Intelligence (AI) Stock to Undergo a Stock Split A combination of political and market pressure will probably drive this stock split. Motley Fool ? 1 hour ago MSFT ^DJI NVDA Analysis-Wall Street girds for Trump 2.0: Tariffs, tax cuts and volatility With Donald Trump heading back to the White House, Wall Street is anticipating the potential for lower taxes, deregulation and a U.S. president who is quick to sound off on everything from the stock market to the dollar. Trump made tariffs and tax cuts key elements of his pitch to voters, many of whom said the economy was the biggest issue of the election. For a Trump administration, "markets are basically thinking it's pro-growth, even if it comes with higher inflation and higher interest rates," said David Bianco, Americas chief investment officer at DWS Group. Reuters ? 1 hour ago ^GSPC Donald Trump Wins 47th Presidency -US Futures Up, Europe Up, Asia Mixed, Crude Falls And Dollar Strengthens Election 2024 Update: Donald Trump won the 2024 election over his Democratic rival Kamala Harris, the Associated Press declared. In his victory speech before the election was officially called, he praised running mate JD Vance and Elon Musk’s support. Calling it “the greatest political movement,” Trump vowed to “fix everything about our country.” On Tuesday, November 5th, U.S. markets closed higher, led by broad gains across sectors, as economic data signaled resilience in the services sector. I Benzinga ? 1 hour ago ^GSPC Nvidia Is Joining the Dow Jones Industrial Average. Will This "Magnificent Seven" Stock Be Next? The exclusive blue chip index is making some big changes. Motley Fool ? 1 hour ago ^DJI NVDA INTC Donald Trump Is the President-Elect -- but There's an Even Bigger Winner Today President Trump has won his bid for a second term, but he's not the only one cheering. Motley Fool ? 1 hour ago ^GSPC ^DJI Elections Pass, Stocks March On Separate the signal from the noise. Stay invested. Take advantage of market volatility by looking for buying opportunities. Motley Fool ? 1 hour ago ^GSPC Morning Bid: Resounding Trump win sees dollar soar Donald Trump's surprisingly comprehensive victory in the U.S. Presidential election has electrified the U.S. dollar - possibly to his own chagrin - and the U.S. currency is eyeing its biggest one-day gain in two years. Even before official results were in, Trump's virtually assured win across key swing states and in the popular vote nationwide looks far more resounding than the tight race predicted by opinion polls and betting markets only yesterday. Both stock futures and Treasury yields jumped immediately on unfolding result, the seeming clarity of which was a relief to some who feared days or even weeks of political and legal wrangling over contested votes. Reuters ? 1 hour ago ^RUT Trump White House Prospects Roil Asian Stock Markets Trump White House Prospects Roil Asian Stock Markets PREMIUM MT Newswires ? 1 hour ago ^HSI Stock futures, bitcoin and dollar rise as Trump poised to win US stock futures rose early on Wednesday and bitcoin jumped as Donald Trump looked set to win the battleground states of Pennsylvania, Georgia and North Carolina, shrinking Kamala Harris’ possible paths to victory. CNN Business ? 2 hours ago ^GSPC Is a Recession Coming in 2025? There's Good and Bad News. Some experts are calling for a recession in the next year. Here's why it shouldn't affect your strategy. Motley Fool ? 2 hours ago ^GSPC My Top Upstream Oil and Gas Dividend Stock to Buy in November (and It's Not Even Close) ConocoPhillips remains an excellent value in the oil patch. Motley Fool ? 2 hours ago COP ^GSPC Trump wins 2024 US election: banking sector reaction Results are still coming in but Donald Trump has declared victory in the 2024 US election. Banking sector experts give their reaction to RBI's Douglas Blakey and PBI's Patrick Brusnahan Retail Banker International ? 2 hours ago ^GSPC
