As the Republican party gained control of the Senate, investors reacted swiftly, leading to a remarkable surge in stock shares and bond yields, signalling heightened optimism in U.S. markets.
The future for the S&P 500 rose by 1.9%, the Dow Jones climbed by 2.2%, and the Nasdaq composite increased by 1.7%, indicating a substantial positive market response to the election results.
Investors are adjusting to a potential Trump victory, fostering a nearly 8% jump in Bitcoin price, reflecting market speculation on cryptocurrencies influenced by Trump's stance.
Peter Esho of Esho Capital noted that the markets are currently pricing in a higher growth and higher inflation outlook, illustrating the broad impact of the election results on investor sentiment.
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