US stocks rally after Trump victory, rebounding from steep overnight losses
- 8 years ago
Stocks rallied on Wednesday following a chaotic night in markets that ended with a surprise victory for Donald Trump in the US presidential election.
Soon after Trump was confirmed as America's 45th president and he delivered an acceptance speech pledging to unify a deeply divided nation, global financial markets steadied.
The U.S. stock market wavered in the first hour of trading, but then moved sharply higher, flirting by late afternoon with a record high for the Dow Jones industrial average.
The S&P 500 rose 1.3%, the Dow Jones Industrial Average gained 1.6% and the Nasdaq rose 1.1%.
Soon after Trump was confirmed as America's 45th president and he delivered an acceptance speech pledging to unify a deeply divided nation, global financial markets steadied.
The U.S. stock market wavered in the first hour of trading, but then moved sharply higher, flirting by late afternoon with a record high for the Dow Jones industrial average.
The S&P 500 rose 1.3%, the Dow Jones Industrial Average gained 1.6% and the Nasdaq rose 1.1%.