How Investors Are Reacting to Trump’s Win
- Equity indexes soar, US yields and dollar rise after election
- ‘Trump trade’ is in play, keying off tax-cut, tariff agenda
Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center in West Palm Beach, Florida, on Nov. 6.
Photographer: Chip Somodevilla/Getty ImagesThis article is for subscribers only.
A risk-on frenzy enveloped financial assets Wednesday as Donald Trump clinched a second term as US president, decisively winning what had been seen as a neck-and-neck race against Vice President Kamala Harris.
US stocks rallied, with the S&P 500 Index soaring 2.1% around 12:30 p.m. in New York, and riskier parts of the equities market posting the biggest gains. The Russell 2000 Index, a benchmark for small-cap shares, jumped 4.9%. The VIX Index of stock-market volatility fell to around 16, declining from the elevated levels it touched in the days leading up to the vote.