As of the time of publication, the three major U.S. stock indexes are all rising, with the Dow up nearly 3%, the Nasdaq up nearly 2%, and the S&P 500 Index up over 1.5%.

The last time the Dow rose by over 1000 points in a single day was on November 10, 2022, when the index surged over 1200 points, the S&P 500 Index rose by over 5.5%, and the Nasdaq skyrocketed by about 7.4%.

According to reports, after winning key swing states such as Pennsylvania, North Carolina, and Georgia, former U.S. President Donald Trump has secured 276 electoral votes, defeating his Democratic opponent Kamala Harris.

More and more Wall Street strategists predict that a Trump victory will set the stage for a stock market rally by the end of 2024. So far this year, the S&P 500 Index has risen by 21%.

As the market digests the news of Trump's election victory, investments that could benefit during his tenure are surging. All three major U.S. stock indexes are climbing, the 10-year Treasury yield is rising, and Bitcoin is soaring.

Tesla CEO Elon Musk is an important supporter of Trump, and on Wednesday morning, Tesla's stock price soared by 13%.

Social media company closely related to Trump - Trump Media & Technology Group - saw its stock price soar.

Bank stocks are boosted, with jpmorgan, bank of america, and wells fargo & co all rising by at least 6%.

Small cap stocks index Russell 2000 index surged, which is also considered as a beneficiary of the donald trump administration.

Benefiting from relaxed regulations, bitcoin soared to $75,000, reaching a historic high. Investors expect the donald trump administration to support digital assets.

The usd climbed to the highest level since July, as people believe that trump's proposal to impose import taxes on major US trading partners will boost the dollar.

The 10-year US Treasury yield soared to around 4.43%, as people speculate that trump's proposed tax cuts and other spending plans will stimulate economic growth, but also widen the fiscal deficit and reignite inflation. The 30-year Treasury yield jumped 23 basis points, marking the largest single-day increase since 2020.

The surge in Treasury yields highlights concerns about the further expansion of budget deficits due to trump's policies, which will reignite inflation that was just beginning to be subdued after the pandemic.

In this closely watched election, the 78-year-old donald trump was elected as the 47th president of the USA with an astonishing performance, making an incredible comeback, winning this unprecedented election battle, and helping the Republican party regain control of the Senate.

If the Republican party simultaneously controls both houses of congress, trump's policies will smoothly implement for at least two years, potentially leading to more drastic changes in expenditure or major reforms in taxation policies, etc.

Mark Mobius, the chairman of the Mobius Emerging Opportunities Fund, said on Wednesday: "This looks like a victory for Donald Trump in the presidential election, but it will also be a victory for the Republicans in the House and Senate. If this happens, you will see the US economy truly take off."

At the time of Trump's victory, American society is deeply divided on issues such as immigration, abortion, and foreign policy, and is still suffering from the most serious inflation in forty years.

Investors expect the second Trump administration to be similar to the first: continuous policies (tax cuts, deregulation, trade wars) will stimulate economic growth, corporate profits, and also drive up inflation.

Analysts said that the election results would give the Republicans an advantage in the fight to rewrite the tax code next year, and they will also have four years to reshape federal judicial institutions. Trump has promised major initiatives after taking office, including a comprehensive crackdown on immigration, deregulation, substantial cuts in federal spending, reduction of government employees, and prosecution of political opponents.

The market is also watching the Fed's November monetary policy meeting. According to the agenda, the Fed will hold its interest rate meeting on November 6-7 local time and announce its interest rate decision after the meeting. Fed Chairman Powell will then make a speech.

Focus stocks

Most of the growth tech stocks are rising, Tesla is up nearly 11%, Nvidia and Google are up over 2%.

Chinese stocks are generally falling, Xpeng is down nearly 8%, Nio Inc is down nearly 6%, Alibaba is down over 3%.

Stocks related to donald trump concept surged together, with cryptos and bank stocks leading the gains, $Coinbase (COIN.US)$ Up nearly 17%. $Wells Fargo & Co (WFC.US)$ $MicroStrategy (MSTR.US)$Please use your Futubull account to access the feature.$Goldman Sachs (GS.US)$ Increased by about 10%.

$Trump Media & Technology (DJT.US)$ The increase fell to 12%, Republican presidential candidate Donald Trump announced his victory in the 2024 presidential election in the USA.

$Tesla (TSLA.US)$ Rising more than 10%, analyst Dan Ives from the investment bank Wedbush said the biggest beneficiary of Trump's victory will be Tesla/Musk.

$Super Micro Computer (SMCI.US)$ Falling over 25%, the preliminary data for Q1 of the 2025 fiscal year and the Q2 guidance are lower than expected, and it is still uncertain when the fiscal year 2024 annual 10-K form will be submitted.

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