Former US President Trump defeated Vice President Harris successfully elected, once again taking over the White House, with the US stocks performing strongly on Wednesday, with the Dow and Nasdaq hitting historic highs.

S&P 500 index opened 82 points or 1.4% higher at 5,864 points; the Dow opened 628 points or 1.5% higher, reaching a high of 43,570 points to set a new historical high; the Nasdaq opened 333 points or 1.8% higher, reaching a high of 18,861 points, also setting a new high. Small businesses in the USA may benefit from Trump's tax cuts and protectionist policies, with the small-cap Russell 2000 index opening 4% higher, marking the largest intraday gain since January 2023.

Trump's main donor and loyal supporter, Tesla (TSLA.US) founder Musk's successful bet paid off as Tesla stock hit a 52-week high, rising by about 11% in early trading. Bank stocks expanded their gains from pre-market, with Wells Fargo & Co (WFC.US) rising more than 11%, JPMorgan (JPM.US) and Bank of America (BAC.US) rising more than 8%.

Driven by the overall market trend, several large-cap technology stocks performed well, with Nvidia (NVDA.US) breaking through, hitting $144.63, up nearly 3%; Intel (INTC.US) rising over 6%, Alphabet (GOOG.US) rising over 3%, Amazon (AMZN.US), and Microsoft (MSFT.US) rising over 1%.