Stocks Hold Trump Election Gains, But What’s Next?

Good morning. Markets take a slight breather as traders mull Donald Trump’s return. We take a look at global warming and what’s at stake. And you can thank AI for that Wendy’s Frosty. Listen to the day’s top stories.

US equity futures maintained their post-election gains as traders continued to map out what happens when Donald Trump returns to the White House. His win has forced investors to come to terms with policies that could lead to fewer interest rate cuts and more government spending. And remember Trump’s tweets at all hours that rocked the markets? Investors are also preparing for his social-media activity. Stay tuned.

President Joe Biden will address the nation at 11 a.m. ET after calling Trump yesterday to congratulate him, committing to a smooth transition. In the wake of Kamala Harris’ defeat, the polling industry will look into how it got things so wrong. Democrats will again examine their fate after a second loss to Trump, while the outcome of the House battle remains uncertain with many key races still too close to call.