Stocks rallied sharply on Wednesday, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election.
The Dow Jones Industrial Average surged 1,508 points to a record high, or around 3.6%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500 also hit an all-time high, popping 2.5%. The Nasdaq Composite climbed nearly 3% to a record of its own.
NBC News projects that Trump will defeat his Democratic rival, Kamala Harris, after winning at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia.
Source: CNBC
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