S&P 500, Dow Futures Surge To Record Highs As Trump Wins

Futures tied to the S&P 500 and the Dow soared to record highs on Wednesday as Republican Donald Trump won the 2024 U.S. presidential election, marking his return four years after being voted out of the White House, Reuters reported.

The Nasdaq Composite gained 2.03% to 18,811.62. I Photo: Luca Marfè at Italia all'ONU Wikimedia Commons

Wall Street is anticipating potential benefits such as lower taxes, deregulation, and a president who is outspoken on matters from the stock market to the dollar. Dow futures surged over 1,200 points, while S&P 500 futures neared the psychologically significant 6,000 level.

The Nasdaq Composite gained 2.03% to 18,811.62.