How major US stock indexes fared Wednesday, 11/6/2024

U.S. stocks stormed to records as investors bet on what Donald Trump’s return to the White House will mean for the economy and the world. The S&P 500 jumped 2.5% Wednesday for its best day in nearly two years. The Dow Jones Industrial Average surged 1,500 points, and the Nasdaq composite gained 3%. Big bank stocks led the way on expectations that Trump’s policies will lead to stronger economic growth and less regulation. Bitcoin also jumped to a record, while Treasury yields ran higher amid worries about bigger U.S. government borrowing and higher inflation. The U.S. dollar jumped against other currencies.