US Stock Market LIVE Updates: Trump’s win boosts S&P 500 futures, Tesla surges, Dollar hits high amid bond sell-off

Mexico’s peso slumped to its weakest level in over two years following Donald Trump’s election victory, dropping as low as 20.8100 per dollar, more than 3% below the previous close. The decline marked the largest drop since Mexico’s summer election, continuing a trend of volatility for the emerging markets currency.

Bank shares gained momentum following Donald Trump’s election victory, with JPMorgan Chase, Bank of America, and Wells Fargo all rising by at least 6%. Investors expect the new administration’s policies to benefit financial institutions.

Following Trump’s election, Nomura economists now expect only one Fed rate cut in 2025, down from an earlier forecast of four. They raised the terminal rate forecast by 50 basis points to 3.625%, anticipating Trump’s proposed tariffs will drive inflation up while slightly reducing growth. Nomura still predicts two 25-basis-point cuts this year but sees the Fed holding rates steady next year until tariff-related inflation eases.

Health insurer stocks surged after Trump’s re-election, with expectations of higher Medicare payments and relaxed regulations. UnitedHealth rose 6.6%, Humana 9%, and CVS Health 12%—its largest intraday gain in 24 years. Trump’s stance is seen as more industry-friendly, potentially favoring private Medicare plans and reversing Biden-era reimbursement cuts.

Amazon shares reached an intraday record Wednesday, rising 1% to $201.45, as investors continue favoring big tech. The stock has surged 32% this year, outpacing the Nasdaq 100’s 23% gain, driven by strong earnings and momentum in Amazon Web Services, particularly with AI advancements. Amazon also issued an optimistic holiday quarter forecast, fueling investor confidence.

Tesla shares jumped 13% following Trump’s election victory, as CEO Elon Musk, a vocal Trump supporter, is seen as well-positioned for favorable policies under the new administration.

Credit card stocks led S&P 500 gains in early trading, with Discover Financial soaring 22% and Capital One up 17%, according to Bloomberg.

The iShares China Large-Cap ETF (FXI) dropped over 2% in premarket trading following Donald Trump’s election win over Kamala Harris. The decline reflects renewed fears of higher U.S. tariffs on Chinese imports under Trump’s trade policies.

US stocks rallied Wednesday following Donald Trump’s election victory, with the Dow Jones up 1,300 points (3%)—its largest gain since 2022. The S&P 500 rose 2%, the Nasdaq 1.8%, and small-cap Russell 2000 surged 4% as investors favored companies likely to benefit from Trump’s policies. Tesla shares jumped 14%, and banks like JPMorgan, Bank of America, and Wells Fargo climbed over 6%. Bitcoin hit an all-time high of $75,000, while the dollar index reached its highest since July, and the 10-year Treasury yield spiked to 4.43% on inflation concerns. Trump Media & Technology Group surged 24%.

US stocks rallied Wednesday after Donald Trump’s election victory, with the Dow Jones soaring 1,300 points (3%) to a record high—its largest one-day jump since November 2022. The S&P 500 and Nasdaq also reached all-time highs, rising 2% and 1.8%, respectively.

A Moneycontrol analysis shows that this is the largest vote share achieved by any Republican nominee in 36 years…Read More

Global markets were volatile and trading sideways, till clarity emerged on a Trump Presidency. This has led to a rally in the US market, Dow Futures are up over 2%. The Dollar index went up over 1%, leading to softness in gold prices. The rally in DYX has led to INR slipping to an all-time low of 84.25/$.

Positive for global markets, lower rates

A Trump Presidency will be largely positive for global markets, the key thing to watch out for will be interest rates in his tenure. Donald Trump has been very vocal about his stance on the need for lower rates, and its positive impact on the economy. Benchmark Indian indices are up over 1% amid multiple days of sell-off.

Gold in focus

Though gold fell in trade today, in the long term it is likely to trend upward as Trump’s Presidency may lead to larger deficit and unpredictable foreign policies.