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Dow surges by 1,300 points as Trump is reelected

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Posted By: Dreadnought, 11/6/2024 10:45:34 AM

New York CNN — US stocks rose sharply Wednesday morning following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. The Dow soared 1,309 points, or 3% in morning trading, reaching a new high. This is the first time the Dow has gained more than 1,000 points in a single day since November 2022. If the Dow maintains its implied gains throughout the trading session, it will mark the sixth-best point gain ever for the index — but nowhere close to a record percentage gain. The S&P 500 and the tech-heavy Nasdaq both rose by 1.9%.

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Reply 1 - Posted by: DVC 11/6/2024 11:05:53 AM (No. 1827120)
Last time Trump was elected, if you had your 401K in the Dow Index, you gained about 60% the first year.
10 people like this.

Reply 2 - Posted by: chumley 11/6/2024 11:28:24 AM (No. 1827147)
I'm loving this. When I retired we guessed how long the money would last based on all the factors we could anticipate. If this keeps up I may not have to die at all.
8 people like this.

Reply 3 - Posted by: franq 11/6/2024 1:51:24 PM (No. 1827309)
When the wicked rule, the people groan. That's what the Bible says. Confidence in leadership affects people in all aspects of life.
4 people like this.

Reply 4 - Posted by: Schnapps 11/6/2024 2:57:19 PM (No. 1827408)
I'm waiting for all those expert WSJ economists and Nobel prize winners who claimed the economy would be better under QueMala to explain this.
3 people like this.

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