MARKETS GO WILD: Trump White House Win Sends Dow Futures Soaring 1,200 Points
Trump is going to unleash a an economic force you have never even imagined.
Trump projected White House win sends Dow futures up 1,000 points
By Suzanne O’Halloran , Fox Business, Nov. 6, 2024:
U.S. stock futures rallied as Donald Trump appeared to defeat Vice President Kamala Harris in one of the most contentious elections in U.S. history.
Dow Futures Spike: 3:30 a.m. ETDow futures spiked over 1,000 points, before pulling back, as Trump took the stage at his headquarters in Florida, thanking his supporters and promising to restore the country.
“We’re going to pay you back. We are going to do the best job. We’re going to turn it around. It’s got to be turned around, and it’s got to be turned around fast. And we’re going to turn it around” said Trump.
The S&P 500 and Nasdaq futures also jumped over 1% in the early morning.
Dow Jones Industrial Average
Trump invited JD Vance, the presumptive new vice president, to the podium to speak, and he spoke about reviving the U.S. economy, a top election issue.
“We’re going to lead the greatest economic comeback in American history under Donald Trump’s leadership,” Vance told the crowd.
Republican presidential nominee former President Donald Trump arrives at an election night watch party at the Palm Beach Convention Center, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. 6Americans have been dealt a hand with sky-high inflation in recent years. While it has come down from its 9% peak, prices for everyday items such as food remain elevated.
Even before Trump appeared to emerge as the winner, stock futures were steadily climbing, building on a rally Tuesday in which all three of the major market averages rose over 1% as all the major sectors in the S&P 500 locked in gains.
“What the outcome of an election does is to provide us some certain amount of falling uncertainty” Ken Fisher, chairman and founder of Fisher Investments, said during an interview on “Cavuto Coast to Coast” ahead of the election outcome.
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Source: https://gellerreport.com/2024/11/markets-go-wild-trump-white-house-win-sends-dow-futures-up-1200-points.html/
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