Just days after Donald Trump's 2024 election win, markets are buzzing. Dow futures jumped by nearly 1, 400 points, around a 3. 2% boost, pushing the blue-chip market to record heights before trading started on Wednesday. The S&P 500 futures followed suit, up over 2%, and the tech-heavy Nasdaq Composite also looked ready for a strong opening. Solita Marcelli, UBS Global Wealth Management's Chief Investment Officer Americas, predicts the S&P 500 could hit 6, 600 by the end of 2025, a near-15% rise from current levels. This growth is expected due to moderate U. S. growth, lower interest rates, and AI advancements. Lower corporate taxes or deregulation in energy and finance sectors under Trump could further boost these gains.

Cryptocurrencies are also celebrating. Bitcoin prices skyrocketed by nearly 8% to a high of $75, 345. 00, then slipped back to around $73, 500. During his campaign, Trump pledged to make the U. S. the "crypto capital of the planet" and to establish a bitcoin "strategic reserve. " Russ Mould, investment director at AJ Bell, notes that Bitcoin was always expected to soar with Trump's return. With Trump's pro-crypto stance made clear, traders are excited about where prices might go.

The Republican Party's sweep of the Senate is also making waves in Trump's personal finances. Shares in Trump Media & Technology Group, owner of social network Truth Social, shot up nearly 38% to $46. 80 before markets opened. Despite reaching new highs this year, some Wall Street analysts warn that Trump's policies, like high tariffs on foreign goods and Chinese imports, could reignite U. S. inflation and slow economic growth. These measures might also increase the nation's debt.

On Thursday, the Federal Reserve will provide its latest economic update. Analysts expect a quarter-point interest rate cut, following September's 0. 50 percentage point decrease, the first since 2020.

Trump's Win Sparks Stock and Crypto Boom

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