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US stocks surged on Wednesday as investors digested Donald Trump’s victory in the US presidential election over Kamala Harris.
A call in the state of Wisconsin in favor of Trump by the Associated Press on Wednesday morning put him over the top, with Trump set to return to the White House as the 47th president.
The Dow Jones Industrial Average (^DJI) jumped 2.7%, or more than 1,100 points, to lead the gains. The benchmark S&P 500 (^GSPC) moved up roughly 1.5%, while the tech-heavy Nasdaq Composite (^IXIC) rose about 2%.
The 10-year Treasury note (^TNX), meanwhile, rose 17 basis points to trade around 4.46%. Bitcoin (BTC-USD) rallied to a record alongside a surge in the dollar (DX-Y.NYB) as the outcome bolstered the "Trump trade."
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