The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican but remains undecided.The major U.S.equity indices – the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 – surged to record highs in early trading, as investor optimism grew on expectations of more favorable tax policies.
Large-cap bank stocks climbed 6%, while regional banks tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE) soared 13%—both seeing their biggest one-day gains since November 2020, when the first COVID-19 vaccine was announced.
However, the real standouts were small caps and bank stocks, with investors turning to domestic businesses and U.S.banks in anticipation of potential tariff protections and further financial deregulation.
The story "Trump's Win Sends Indices To Record Highs; Financials, Small Caps Surge, Bitcoin Tops $75,000: What's Driving Markets Wednesday?" has 554 words across 27 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Trump's Win Sends Indices To Record Highs; Financials, Small Caps Surge, Bitcoin Tops $75,000: What's Driving Markets Wednesday?" was covered 12 hours ago by Benzinga, a news publisher based in United States.
How trustworthy is 'Benzinga' news outlet?
Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.
The outlet is headquartered in United States and publishes an average of 23 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.