Market Euphoria: Trump's Triumph Spurs Record Highs

Futures tied to the S&P 500 and Dow soared after Donald Trump won the U.S. presidency, leading to record highs across financial markets. Significant gains were recorded in various sectors, with Trump-aligned stocks showing strong performance. The Republican win could ease legislation changes and impact economic policies.

In a dramatic turn of events on Wednesday, futures tied to the S&P 500 and the Dow skyrocketed to record highs following the unexpected presidential victory of Republican Donald Trump.

Markets reacted swiftly, with U.S. Treasury yields climbing, bitcoin reaching unprecedented levels, and the dollar strengthening. Dow futures surged more than 1,200 points, while Russell 2000 futures soared, reflecting renewed investor interest in domestic-focused stocks poised to benefit from anticipated regulatory and tax relief.

Overall, Trump's triumph energized sectors aligned with his agenda, including media, technology, and private prison operators, alongside banks and cryptocurrency firms. As Republicans gained control of the Senate, speculation abounds regarding the potential shifts in economic policy and legislation, with implications for investors eyeing future stability.

(With inputs from agencies.)