The stock market surges after Donald Trump’s victory

The U.S. stock market surged at the market open after Trump’s victory was announced.

The Dow Jones recording a gain of over 1,300 points.

The stock markets opened positively after the surprising announcement of Trump’s victory in the presidential election, news which, far from upsetting the markets, seems to have supported them, at least for the time being.

The Dow Jones Industrial saw its shares rise by 3% the morning after the election results were announced, while the Nasdaq and S&P 500 gained 2%.

Shares in DJT, Trump’s stock market company, recorded a 17% gain, while those in Tesla and Elon Musk climbed over 14%.

Bitcoin also saw its value rise by more than 7%.

Remember that historically, the US stock market tends to rise after the winner of an election is announced, regardless of the victorious party.

In 2020, Trump warned that the huge growth in the stock market under his presidency would collapse if voters replaced him with Joe Biden.

However, since Biden’s arrival in the White House, the US stock market has recorded even more spectacular rises, breaking several records.