Following former President Donald Trump’s victory in the presidential election, the three major U.S. stock indexes closed at record highs on the 6th. The dollar strengthened against major currencies, Bitcoin set a new all-time high, and U.S. Treasury yields spiked due to inflation concerns.

On the New York Stock Exchange, the Dow Jones Industrial Average closed 1,508.05 points higher, or 3.57%, at 43,729.93. The S&P 500 gained 146.28 points (2.53%) to finish at 5,929.04, while the tech-heavy Nasdaq rose by 544.29 points (2.95%) to 18,983.47. The Russell 2000 index, which focuses on small-cap stocks, climbed 5.84%, with all four indexes reaching record closing levels. Both the Dow and S&P 500 saw their largest single-day gains since November 2022.

Trump's victory lifted the uncertainty that had loomed over markets for months, bolstering investor sentiment. Anticipation that his administration would favor tax cuts and deregulation to benefit businesses drove significant gains across various sectors. Investors expect that a potential Republican “red sweep” in Congress will further strengthen Trump's influence on economic policy, spurring the so-called “Trump trade” and benefiting stocks tied to his policies.

Small-cap stocks surged as investors anticipated protectionist policies that would benefit domestic companies. “Investors were adjusting their portfolios in anticipation of a close race,” noted Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott. “But as the situation shifted quickly, we saw a sharp increase in risk-on behavior.”

Tech stocks and cyclicals showed broad strength. Tesla, led by CEO Elon Musk, rose 14.75% amid high hopes for favorable business conditions under a Trump administration. Trump's own media company, Trump Media, also rose 5.9%.

Banking stocks, including major institutions like JPMorgan Chase, rallied on expectations of regulatory easing, with JPMorgan spiking by 11.5% during the session. Bitcoin reached a new high, surpassing $75,000, reflecting Trump’s pro-cryptocurrency stance as he pledged to make the U.S. a global leader in digital currency.

The VIX, often called the "fear index," dropped sharply, reaching its lowest level since late September, ending the day at 16.27. The dollar index surged, reflecting the dollar’s strength against six major currencies, closing at 105.1—a 1.5% increase from the previous day.

Bond yields soared as investors anticipated a rise in federal deficits and inflation under Trump’s trade protectionism, tax cuts, and immigration policies. The yield on the 10-year U.S. Treasury note spiked by 0.14% to 4.43% as trading ended.