US Futures, European Stocks Rally Post-Trump Victory While Crude Oil And Gold Decline - Global Markets Today While US Slept

On Wednesday, November 6th, U.S. markets closed at record highs as Donald Trump won the 2024 presidential election. Investors anticipated lower taxes, deregulation, and Trump’s active stance on economic matters. The Dow, S&P 500, and Nasdaq surged, while bitcoin also reached new highs.

Tesla shares surged, fueled by CEO Elon Musk’s endorsement of Trump, alongside gains in Trump Media & Technology Group. Treasury yields rose amid expectations that higher tariffs could drive up inflation and expand the U.S. deficit.

According to economic data, U.S. mortgage applications dropped 10.8% last week, while crude oil inventories rose by 2.149 million barrels, exceeding the forecast of 1.8 million.

Most S&P 500 sectors closed higher, led by consumer discretionary, industrials, and financials, while consumer staples and real estate lagged.

The Dow Jones ...