The historic victory and remarkable comeback of former President Donald Trump in the 2024 U.S. Presidential Election have sparked curiosity, volatility, and excitement worldwide. Trump’s win has had a positive impact on nations, the stock market, and currencies alike.
US Market Opening Sees A Surge!
- The US Stock Market opened on a cheerful note and entered a bullish trend as all the investors cheered on the victory of Donald Trump in the US Presidential Elections. Stock futures experienced a significant upturn, fueled by the victory that Donald Trump led in the presidential race. His victory impacted the markets with indexes witnessing gains in heavy amounts. The Dow Jones Industrial Average futures surged 1300 points to 3%, marking a surge of an all-time high. Similarly, both S&P 500 and Nasdaq 100 futures rose 2.1% and 1.9%. respectively. According to records, this is the highest one-day surge since November 2022.
- European stocks also applauded the victory of Donald Trump, and it continued to gain momentum after Trump defeated his Democrat rival Kamala Harris in the US Presidential Elections in 2024. The pan-European Stoxx was up 0.5% at 1:40 PM according to London Time, with all the other sectors broadly rising. Travel stocks added 2.5% while utilities led losses, shedding 2.3%.
- Indian stock market closed on greenlight, Signalling a positive nod to Donald Trump as the new US President. Sensex Soars Over 1000 Points, Nifty 50 Surges Above 24,500 As Trump Claims US Election Win.
Tesla Stocks Saw A Surge As Elon Is A Star To Donald Trump!
Elon Musk, The owner of Tesla, and the richest man in the world played a key role in supporting Donald Trump throughout the US Presidential Elections 2024. The newly elected President has also promised Musk a seat in his government in the efficiency commission, according to reports.
With all this after the victory of Donald Trump, Tesla stocks got a gift out of investor’s sentiments. Elon-owned Tesla saw a surge of 14% in its stock value even before Trump won.
“The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,” said Elon Musk in his social media post on the platform X. “America is a nation of builders. Soon, you will be free to build,” he said
---Advertisement---The people of America gave @realDonaldTrump a crystal clear mandate for change tonight
— Elon Musk (@elonmusk) November 6, 2024
Amid all this Trump’s own company ‘Trump Media & Technology Group’ shares also surged 28% to USD 43 in the pre-trading session on Wednesday. The Stock price was at USD 33.94 a day before.
Dollar Posted Its Biggest Gain In Eight Years!
As the US Share Market welcomes Donald Trump in a historic win to the White House, and shows record-hitting indexes, Dollar also crossed its all-time high in eight years. It rallied upwards after the speculations of Trump winning the elections became evident from the polls.
In between all this, Bitcoin has also hit an all-time high, as Trump promised to make the US ‘The bitcoin and cryptocurrency capital of the world.’
