The Dow Jones Industrial Average shot up up 1,500 points to its record high on Wednesday after Donald Trump won a second presidential term.
The Dow closed at 43,729.93, or 3.57 percent higher, after trading Wednesday. The Nasdaq Composite also rose about 2.9 percent, and the S&P 500 moved up around 2.5 points.
Aside from markets, the 10-year Treasury note rose 13 basis points to 4.43 points, the dollar surged, and Bitcoin rallied to a record high. The price of gold, however, dropped 3 percent after reaching record highs in recent days.
At the same time, the volatility index, known as the “fear gauge,” was down more than 20 points on Wednesday, another good sign for the markets….