US stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump won the 2024 US presidential election. The surge was marked by significant gains across major indices:S stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump won the 2024 US presidential election. The surge was marked by significant gains across major indices, signaling investor optimism following the election outcome.
According to Qatar News Agency, the S and P 500 gained 145.04 points, or 2.51%, to end at 5,927.80 points, while the Nasdaq Composite climbed 539.48 points, or 2.93%, to reach 18,978.65. Meanwhile, the Dow Jones Industrial Average rose 1,504.51 points, or 3.56%, closing at 43,726.39. Both the Dow and S and P 500 registered their largest one-day percentage gains since November 2022, reflecting a robust market response to the election results.