LIVE Stocks surge after Trump retakes the White House. Follow our live blog. NSE - Delayed Quote ? INR Fairchem Organics Limited (FAIRCHEMOR.NS) Follow Compare 1,033.40 +31.55 (+3.15%) At close: 3:29 PM GMT+5:30 Related News Election results will not impact markets long-term: Expert Stocks (^DJI, ^IXIC, ^GSPC) are rallying on the back of former president Donald Trump's election victory. Mackenzie Global Quantitative senior vice president Arup Datta joins Wealth! to discuss the implications for investors and their portfolios. "My view on being positive in the markets remains," Datta states, noting outperformance in sectors like small caps after Trump's victory. However, he notes that presidential elections "play less of a role" in long-term impacts on markets in the US. He notes that investors should always have value, growth, and quality stocks in their portfolios, saying you "can't always predict which style will be in favor today, tomorrow, [or] in the next 6 months." Regarding specific stock picks, Datta advises investors to consider Nvidia (NVDA), Comerica (CMA), and Norwegian Cruise (NCLH). To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 9 minutes ago NCLH CMA NVDA Trump win fuels stock rally: Nasdaq up 400 points, gold plunges Yahoo Finance Anchor Rachelle Akuffo breaks down the top market stories of the day. All major indexes are in the green as investors react positively to the results of the US presidential election. The Nasdaq Composite (^IXIC) is up a notable 400 points today. The race for control of the House of Representatives remains in focus. The Democrats have won 181 seats while the Republicans have 199 seats, with 55 seats yet to be called. However, the Republicans have secured a majority in the Senate. Meanwhile, gold (GC=F) prices are falling as investors shift away from the traditional safe-haven asset and embrace the "Trump trade" instead. Stocks in the green energy sector that were previously buoyed by the prospect of a Democratic victory are now plummeting in the wake of Trump's win. Another stock in the spotlight is Meta Platforms (META) as the Supreme Court is set to hear an appeal from the tech giant regarding a securities fraud lawsuit today. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 43 minutes ago ^DJI META PLUG As bitcoin hits record high, crypto traders 'confident' on Trump promises Bitcoin (BTC-USD) broke above $75,000 early Wednesday morning — a record high — as the crypto space rallies on Donald Trump's victory in the 2024 presidential election, an upward trend overtaking equity markets as well. Bitcoin was considered to be a part of the "Trump Trade" as holders backed the likelihood of a second Trump presidency in the lead-up to the election. Morning Brief welcomes on Axios crypto reporter Brady Dale to speak more about President-Elect Trump's relationship with the crypto community. "The first thing is probably he's going to get a new SEC [Securities and Exchange Commission} chair, someone else who is not going to be quite so hostile to the industry, isn't going to sue all of the best companies in the space," Dale hypothesizes. "And I think on that question is just what happens to all these lawsuits and threats of lawsuits — Do do a lot of settlements happen? Do they just get thrown out? Because these companies need to know that they can move forward." Brady — the author of SBF: How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy — describes cryptocurrency traders as being "confident" in the fact that Trump will follow through on some of his crypto policy promises, which could lead a push into stablecoin adoption. Follow along Yahoo Finance's extensive coverage of the stock market reactions to the 2024 election results: Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump triumphsDonald Trump has won the 2024 election. Here's what's next on 2 key economic issues.Wall Street scores political victory with a Trump win: 'This should aid all banks'Tesla stock soars by double digits after Trump winDJT stock surges in premarket trading as Trump clinches election winHere's how my 'Trump trade' is doing7 'election trades' Citi is watching To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 2 hours ago DOGE-USD SOL-USD BTC-USD Dow, S&P 500, Nasdaq blast off on Trump 2024 victory Donald Trump was named the victor of the 2024 presidential election and US stocks are booming on this news: the Dow Jones Industrial Average (^DJI) is seeing upside of over 3% at the market open today, with the S&P 500 (^GSPC) flying 1.9% higher and the Nasdaq Composite (^IXIC) seeing gains of 1.8% right beside it. The financial sector (XLF) is blasting over, moving 5.5% higher at the day's start as Wall Street anticipates a second Trump presidency will greatly benefit the banking industry. The Morning Brief's Brad Smith is joined by Yahoo Finance markets and data editor Jared Blikre in their analysis of movements in the market indexes, Russell 2000 (^RUT), Treasury yields (^TYX, ^TNX, ^FVX), and commodities. Follow along Yahoo Finance's extensive coverage of the stock market reactions to the 2024 election results: Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump triumphsDonald Trump has won the 2024 election. Here's what's next on 2 key economic issues.Wall Street scores political victory with a Trump win: 'This should aid all banks'Tesla stock soars by double digits after Trump winDJT stock surges in premarket trading as Trump clinches election winHere's how my 'Trump trade' is doing7 'election trades' Citi is watching To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 3 hours ago XLF ^DJI ^IXIC Why the stock market is up on Trump's win: Regulation, tax cuts All three major indexes (^DJI,^GSPC, ^IXIC) jump in premarket trading after former President Donald Trump secured a second term, winning the presidential election against Vice President Kamala Harris. American Action Forum president and the former director of the Congressional Budget Office from 2003 to 2005, Doug Holtz-Eakin, joins Julie Hyman and Seana Smith to discuss the expected economic impacts of Trump's win and why it's sending US stocks higher. "Certainly the most striking difference between the Biden administration, and what probably would have been the Harris administration, and Mr. Trump is in the regulatory area. The Biden administration has imposed $1.7 trillion of costs on the private sector in not yet four years. That's double what Obama did in eight years. During his four years as president, Donald Trump imposed $40 billion [in] regulatory costs. It's just night and day different on the regulatory front. There's no reason to believe that that will be any different the next time around," Holtz-Eakin tells Yahoo Finance. He adds there's "the unambiguous good news of extending the tax cuts, perhaps getting lower corporate rate as well," though "the question of what happens on the tariff front" persists as with Trump's plans representing "a headwind to growth." Holtz-Eakin says assessing the impact of Trump's tariff plans will depend on which party controls of the House. Another significant impact of Trump's reelection is on immigration. "There will be attempts to change the legal immigration system to minimize immigration to the US. Deportations are a wild card. He promised to deport 11 million people in the 2016 race. That never transpired. We did some work back then that said it would cost $400 [billion] or $500 billion and take about 20 years. None of that played out at all, so I've got an eye on that as well." The immigration plans Trump campaigned on could affect the labor market and, in turn, inflationary pressures. For more market reaction to the 2024 election, click here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 4 hours ago ^DJI ^GSPC ^IXIC 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 ? 6 hours ago BTC-USD ^GSPC TSLA Election 2024: Why crypto policy should be next president's focus The presidential election results could significantly impact various market sectors, with cryptocurrency emerging as a key focus area. "Trump has always been a little more friendly to the crypto environment, but even Harris had a kind of 'reset' where she kind of sat back down with the crypto community after seeing how influential these dollars were," IDX Advisors chief investment officer Ben McMillan told Yahoo Finance Anchor Josh Lipton. McMillan emphasizes that comprehensive crypto regulation should be a top priority for the next administration, noting that the current regulatory framework has been "haphazard" over the years. "With where we are as a country and our growth cycle, we can't be picking and choosing our spots for innovation, and crypto is a huge source of innovation," he states. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith Yahoo Finance Video ? 19 hours ago ETH-USD SOL-USD BTC-USD 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 ? 20 hours ago ^IXIC ^DJI ^GSPC Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street braces for election results The polls are open, and investors are in wait-and-see mode to find out whether Harris or Trump will win — and how long it'll take to get a clear outcome. Yahoo Finance ? 21 hours ago NQ=F YM=F ES=F 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 ? 23 hours ago ^GSPC ^IXIC ^DJI Why JPMorgan Chase Stock Popped Today Bank stocks soared on Trump's victory last night. Motley Fool ? 10 minutes ago JPM Dow, Nasdaq Futures Race Higher As Trump Wins White House: DJT, Tesla Shares Surge — Veteran Investor Predicts US Economy Could 'Take Off' U.S. stocks could witness a strong opening on Wednesday after former President Donald Trump emerged victorious after a long-drawn battle with Joe Biden and Kamala Harris. With Trump returning as the U.S. President, futures of all three major indices were strongly in the green on Wednesday, pointing to upbeat sentiment on Wall Street. Don't Miss: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives invest Benzinga ? 11 minutes ago TSLA Why Tesla Stock Is Skyrocketing Today Why is Donald Trump's election victory powering explosive gains for Tesla stock? Motley Fool ? 22 minutes ago TSLA Mortgage Lenders Fall Even as Banks Soar on Trump Financial stocks are surging following Donald Trump’s election victory. Rocket Cos. and UWM Holdings were down on Wednesday, by 4.5% and 2.4%, respectively. One major reason is what is happening in the bond market. The Wall Street Journal ? 39 minutes ago DHI RKT FNMA Mortgage Bonds Have Room to Run After Decisive Trump Victory (Bloomberg) -- Risk premiums on new agency mortgage bonds tightened Wednesday, as a market some considered unusually cheap before the election was poised to benefit along with the likes of US equities and the dollar.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowFannie Mae current coupon MBS yields relative to Treasuries narrowed to 1.45 percentage point from Tuesday’s close of 1.47 percentage poi Bloomberg ? 52 minutes ago FNMA Rivian Stock Plunged After the Election. Is It a Buying Opportunity? Investors may be wondering why Rivian shares are plunging while Tesla stock is shooting higher. Motley Fool ? 57 minutes ago RIVN TSLA Freddie and Fannie’s Zombie Preferreds Surge on Trump Win (Bloomberg) -- Shares of long-moribund preferred stock issued by Fannie Mae and Freddie Mac surged on Wednesday amid speculation that Donald Trump will free the housing finance agencies from their crisis-era conservatorship.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowA $6 billion perpetual issue by Freddie Mac sold back in 2007 jumped as much as 70%, its highest in more than three years. Fannie Bloomberg ? 59 minutes ago FMCC FNMA Top Stock Movers Now: Trump Media, Tesla, Goldman Sachs, Coinbase, and More Major U.S. indexes surged at midday Wednesday with former President Donald Trump set to return to the White House. Investopedia ? 1 hour ago TSLA COIN Elon Musk Is Going to Washington. Why Tesla Stock Is Soaring. Tesla stock soared Wednesday with Republican nominee Donald Trump winning the U.S. presidential election. It also means more work for Elon Musk, the already incredibly busy CEO of Tesla SpaceX, X, and xAI. Tesla stock jumped more than $33 a share, or 13%, to $284.62 in midday trading, making it one of the biggest winners in the which was up 2%. Barrons.com ? 1 hour ago TSLA Caterpillar, Tesla Lead Post-Election Stock Picks: Oppenheimer Report Oppenheimer's Colin Rusch expects significant portfolio repositioning as investors react to policy changes GuruFocus.com ? 1 hour ago TSLA CAT Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX Return FAIRCHEMOR.NS S&P BSE SENSEX YTD -17.74% +11.27% 1-Year -8.25% +24.88% 3-Year -46.91% +33.81%
