U.S. stocks stormed to records as investors bet on what Donald Trump’s return to the White House will mean for the economy and the world.
The S&P 500 jumped 2.5% Wednesday for its best day in nearly two years. The Dow Jones Industrial Average surged 1,500 points, and the Nasdaq composite gained 3%.
Big bank stocks led the way on expectations that Trump’s policies will lead to stronger economic growth and less regulation. Bitcoin also jumped to a record, while Treasury yields ran higher amid worries about bigger U.S. government borrowing and higher inflation. The U.S. dollar jumped against other currencies.
On Wednesday:
The S&P 500 rose 146.28 points, or 2.5%, to 5,929.04.
The Dow Jones Industrial Average rose 1,508.05 points, or 3.6%, to 43,729.93.
The Nasdaq composite rose 544.29 points, or 3%, to 18,983.47.
The Russell 2000 index of smaller companies rose 132.08 points, or 5.8%, to 2,392.92.
For the week:
The S&P 500 is up 200.24 points, or 3.5%.
The Dow is up 1,677.74 points, or 4%.
The Nasdaq is up 743.55 points, or 4.1%.
The Russell 2000 is up 182.79 points, or 8.3%.
For the year:
The S&P 500 is up 1,159.21 points, or 24.3%.
The Dow is up 6,040.39 points, or 16%.
The Nasdaq is up 3,972.11 points, or 26.5%.
The Russell 2000 is up 365.85 points, or 18%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
