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How Will the Markets React to Trump's Victory?
Cheddar News
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1 year ago
What does a second Trump term mean for the economy? That will take years to play out but the initial reaction is enthusiastic.
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00:00
What does a second Trump term mean for the economy?
00:03
Well, that will take years to play out, but the initial reaction is enthusiastic applause.
00:09
The markets opening up across the board, the Dow is shooting up more than 1,200 points
00:14
or 3-plus percent.
00:16
The tech-heavy Nasdaq opens up 400 points up 2-plus percent, and the S&P surging more
00:22
than 100 points or 2 percent.
00:25
And your Treasury yield jumped 17 basis points to trade at its highest level since July as
00:31
investors bet a second Trump term would increase economic growth.
00:35
The U.S. dollar posting its biggest gain in eight years, and Bitcoin hitting an all-time
00:41
high above 74,000.
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