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Stock futures soared following Donald Trump's election victory.
As of this writing, Dow futures are up $1,327 and the S&P 500 is up $128.50.
Donald Trump's decisive election victory sends stock futures soaring and U.S. Treasury yields soaring as traders rush into trades seen as aligned with the former and incoming president's economic policies. did.
Investors scrambled to position themselves for new tariffs, tax cuts, and major shifts in energy and regulatory policy.
Futures prices for all three major indexes rose in pre-market trading. S&P 500 futures rose more than 2%, Dow Jones Industrial Average futures rose nearly 3% and the Nasdaq Composite Index rose 1.3%. The Russell 2000, an economically sensitive barometer of small businesses, rose nearly 6%, reflecting optimism about the domestic economy.
The jump in stock prices was reminiscent of the market's reaction to Trump's surprise victory in 2016.
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