Donald Trump quickly put his stamp on financial markets Tuesday night. As the votes piled up in key swing states in his favor, leaving him on the cusp of returning to the White House, all the tried-and-true Trump Trade plays erupted.
US stocks surged, with S&P futures climbing 1.4%; the dollar posted its biggest gain against major currencies since 2020; Treasury bonds tumbled, sending benchmark yields up more than 0.1 percentage point; and Bitcoin soared to a record.
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