Wall Street opened this Wednesday with its three main indices – the Dow Jones Industrial Average, the S&P 500 and the Nasdaq – rebounding strongly towards historical highs, after the confirmation this morning of the Republican Donald Trump’s victory in the United States elections.
Ten minutes after the opening of the New York Stock Exchangethe Dow Jones rose 3.10%, to 43,532 points, the selective S&P 500 grew 2.08%, to 5,903 units and the Nasdaq advanced 2.28%, to 18,860 points.
The Dow Jones rose to 1,300 points, a new all-time high, as well as the S&P 500 did the same and added 1,000 integers or the technological Nasdaq added approximately 420 units compared to Tuesday’s close.
After this morning projections of the major American media will confirm the return to the White House of the Republican magnatepre-opening operations spurred companies like Tesla (whose head Elon Musk could even enter Trump’s cabinet) to rise, which advanced 14% at the opening.
Besides, Trump Mediathe company of the Republican leader that encompasses his Truth Social network and that on Tuesday notified a reduction in its quarterly lossesrose more than 12% after a few hours of great volatility in which it grew more than 30%.
The reception that Trump’s victory had in the major American banks was very notable this morning, whose stocks had a big boostcase of Goldman Sachs (11.68%), JPMorgan Chase (8.6%), Bank of America (6%) and Wells Fargo (10.8%).
“For now, Investor sentiment is pro-growth, pro-regulation and pro-marketas seen in the market action overnight,” The Bahnsen Group’s chief investment officer, David Bahnsen, told CNBC.
Trump has managed to prevail over his Democratic rival Kamala Harris in the race to become the 47th president of the United States and, in addition, the Republicans will control the Senate.
The future of the House of Representatives is still up in the air, whose count gives the conservatives an advantage and which, if it also falls on their side, would provide a boost in economic matters for Trump, with the possibility that his Administration will have total control in terms of spending and fiscal policy.
Besides, The market is also awaiting the monetary policy meeting of the Federal Reserve today and tomorrow, which will conclude with a decision on interest rates and a press conference by the president of the entity, Jerome Powell.
By sectors, the progress of the financial sector stood out (4.51%), energy (2.95%), industrial (2.92%), non-essential goods (2.32%) and technology (2.15%). Only real estate (-1.9%), essential goods (-1%) and public services (-0.9%) fell.
Among the 30 largest listed companies in the Dow Jonesthe advance of Caterpillar (6.85%), Intel (6.6%) and UnitedHealth (6.3%), among many others, also stood out. Boeing (-3.82%), Home Depot (-2.6%) and Coca-Cola (2.39%) fell.
In other markets, The dollar rose to its highest level since July on confidence that tariffs would boost it in the future (1 euro was exchanged for 1.07 dollars) and the 10-year Treasury yield advanced to around 4.453%.
He bitcoinwhich could benefit from looser regulation, also shot to an all-time high of $75,000.
The Spanish stock market falls
Meanwhile, the Spanish stock market It fell 2.9% this Wednesday and has ended below 11,500 points affected by the impact of Donald Trump’s electoral victory on emerging currencies and large values, especially banks.
The benchmark index of the national stock market, the IBEX 35, has lost 343.9 points, that is 2.9%, the biggest drop since March 15, 2023up to 11,495.3 points, a level unknown for almost two months. In the year it still accumulates an increase of 13.79%.
While Wall Street rose 3% at the national close due to the favorable electoral result for Trump in the US elections, The Spanish stock market has spent the entire day in losses due to the appreciation of the dollar and its impact on the currencies of some emerging countries where large Spanish companies do business, with banks as prominent protagonists with an average drop of 5.2%. A barrel of Brent oil lost 0.2% and traded at $75.38.
All the large values have fallen: BBVA 6.62% (third largest drop on the IBEX), while Banco Santander lost 4.78%; Iberdrola 4.22%, Inditex 1.71%, Repsol 1.34% and Telefónica 0.81%.
Falls in European markets
The Milan Stock Exchange closed this Wednesday in negative and its FTSE MIB fell 1.54%, reaching 33,940.72 points. The Milan stock market had a severe fall in a context of general decline in European stock markets after Trump’s victory.
For its part, the general FTSE Italia All-Share index fell 1.46%, up to 36,023.24 points. During the session, some 694 million shares worth 4,598 million euros (4,933 million dollars) were exchanged.
Companies with worst results They were the Unicredit bank, with a drop of 5.31%, the telecommunications company Inwit (5.25%), the Campari beverage brand (4.78%) and the renewable energy company Erg (3.95%). .
Instead companies that closed on the rise They were Tenaris, with an increase of 6.76%, the biotechnology company Diasorin (5.57%), the defense multinational Leonardo (3.46%) and the automobile manufacturer Stellantis (1.75%).
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