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Dow soars 1,500 points to a record, Russell 2000 jumps 4% as Trump defeats Harris and Biden.

posted 18 days ago by JoWilli (19957)
26 replies | jump to latest

Stocks rallied sharply on Wednesday, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election.

The Dow Jones Industrial Average
surged 1,319 points to a record high, or around 3%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500
also hit an all-time high, popping 2.1%. The Nasdaq Composite
climbed 2.4% to a record of its own.

https://www.cnbc.com/2024/11/05/stock-market-today-live-updates.html

get ready for MAGA Part 2!

[–] JoWilli (19957) 18 days ago

43,840.00 USD
+1,459.00 (3.44%)today

[–] SamNoyoun (5827) 18 days ago

You are aware that the Dow has been hitting all-time highs at least every month for well over a year, aren't you?

https://www.barrons.com/market-data/indexes/djia

Also the bond markets are reflecting fears that Trump's tariffs will lead to higher inflation...

The U.S. stock market has historically tended to rise regardless of which party wins the White House, with Democrats scoring bigger average gains since 1945. But Republican control could mean big shifts in the winners and losers underneath the surface, and investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean.

“The markets are scrambling to figure out what happens next, but for the time being, the market is pricing in a higher growth and higher inflation outlook,” Peter Esho of Esho Capital said.

Investors also see Trump’s policies adding to future inflation, which likewise pushes up Treasury yields.

“Trump keeps openly telling people that he will increase tariffs not just on China but with every trade partner,” said Andrzej Skiba, Head of BlueBay U.S. Fixed Income at RBC Global Asset Management. “We’re talking 10% tariffs across all global partners. This is a big deal because this could add 1% to inflation. If you add 1% to next year’s inflation numbers, we should say bye to rate cuts.”

Oh no! Who will you blame if this does in fact come to pass? lol

[–] JoWilli (19957) 18 days ago

the Trump Bump continues.

we already have high inflation, that other guy has done nothing to lower it.

also

TRUMP WON!

[–] SamNoyoun (5827) 18 days ago

we already have high inflation, that other guy has done nothing to lower it.

You really should pay more attention to the news...

The current U.S. inflation rate is 2.4% for the 12-month period ending in Sept. 2024, down from a high of 9.1% in June 2022...

https://tradingeconomics.com/united-states/inflation-cpi

[–] JoWilli (19957) 18 days ago

I do. I am paying more money for everything ever since that old man stole the election and ruined america. he did nothing to BBB and now he is too old and frail to even finish a campaign for president. Trump will cause the economy to boom and everyone will be happy again.

I cant wait for The Trump to take over next year. its going to be great!

[–] SamNoyoun (5827) 18 days ago

https://www.psychologytoday.com/us/blog/the-squeaky-wheel/201811/why-some-people-will-never-admit-theyre-wrong

[–] JoWilli (19957) 18 days ago

how am I wrong? lol lets say if you had $1,000 and you lost it all but then gained back $500. is that a loss or a gain? also dont forget that Trump won fair and square and if anyone says the election was rigged is an Election Denier. its going to be a great 4 years! so many salty liberal tears for me to enjoy. lol

[–] SamNoyoun (5827) 18 days ago

we already have high inflation, that other guy has done nothing to lower it.

I'd say lowering it from 9.1% to 2.4% in 30 months is pretty darned good...

What's going to be great is that you idiots will have no one to blame but yourselves if (when?) things go to shit...

[–] JoWilli (19957) 18 days ago

no, we will blame Joe and his failed policies.

[–] CraigC (8160) 17 days ago

I'd say you don't have the slightest clue how inflation works.

[–] SamNoyoun (5827) 18 days ago

lol

[–] JoWilli (19957) 18 days ago

dont forget that Trump won the popular vote. Joe lost and Kameltoe lost. lol

[–] JoWilli (19957) 14 days ago

43,988.99
+259.65 (0.59%)

[–] ProgsReturn (2075) 17 days ago

You do realize that the 9.1% was during Biden's term?

[–] Bubbathegut (18045) 16 days ago

Thats what they dont seem to understand. Biden created inflation, but we still have inflation.

[–] JoWilli (19957) 18 days ago

43,949.00 USD
+1,568.00 (3.70%)today

thank you President Trump for making the economy grow!

MAGA

[–] Bubbathegut (18045) 18 days ago

What a yuge Trump Bump. My 401k is soaring today.

[–] B1cKsurN (17405) 17 days ago

I'm planning a new deck for my house. I've been putting off to see what would happen this week.

up uP UP!!!

[–] Bubbathegut (18045) 17 days ago

Thats great. I need a new driveway and will probably get that done next spring.

[–] CraigC (8160) 17 days ago

Wait, I thought it was democrats that were good for the economy? Have I been lied to???

[–] Bubbathegut (18045) 16 days ago

43,971.71
242.37 (0.55%)today

Thank you MAGA and President Trump!

[–] BKB (9877) 14 days ago

https://giphy.com/gifs/creative-courage-sunrise-sun-rising-democracy-is-fGiCqRDP4c2GSWx43S

[–] JoWilli (19957) 14 days ago

democracy is back! I cant wait for Trump Day 1 part 2. its going to be great...

[–] BKB (9877) 14 days ago

https://www.foxnews.com/us/ella-emhoff-defends-accusations-she-losing-her-mind-over-stepmothers-presidency-loss

https://giphy.com/gifs/television-frustrated-seinfeld-10o3Um2U3wa4DK

[–] JoWilli (19957) 14 days ago

"There’s a rumor about me having a mental breakdown and getting checked into a hospital. Not true. Also f–k you if you’re out there spreading that. There’s nothing wrong with showing emotion and crying. Anyone who says there is probably needs a good cry," Emhoff said in an Instagram post.

haha I love it.

I don't remember anyone on the Right sobbing when Trump lost in 2020. Nobody needed a day off work or a safe space.

[–] JoWilli (19957) 3 days ago

43,925.73
+517.26 (1.19%)

Trump boom is back. cant wait for Jan 21.