Official announcements or policy proposals from the White House or government press releases

Trump's Landslide Victory Adds $1.3 Trillion to Markets in Record Post-Election Rally

Nov 6, 2024, 09:40 PM

Donald Trump has secured a decisive victory in the 2024 US Presidential Election, returning to the White House with a broad mandate to execute his agenda. In what is described as a landslide win, Trump reportedly doubled his support from men compared to the previous election. In response to his victory, the US stock market experienced its largest single-day gain in nearly two years, adding approximately $1.3 trillion in market capitalization. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all soared to record highs, marking the best post-election day ever for the S&P 500 and the Nasdaq 100 Index's first record since July. Investors reacted positively to the election outcome, leading to a sharp drop in implied volatility.