U.S. stock markets made sharp gains after their opening on Wednesday after Donald Trump was elected president in the 2024 election.
The Dow Jones Industrial Average was up more than 2.75% more than 1,100 points in early trading.
The tech-heavy NASDAQ was up more than 1.5% with a 300-point gain.
The wider stock basket of the S&P was up more than 2%, up more than 115 points.
All three indexes were at record highs.
Bitcoin was also at nearly a record high as Trump is expected to be much friendlier to the crypto markets than a Kamala Harris administration would be.
The race was called for Trump early on Wednesday after it became apparent Harris didn't have a chance to secure enough electoral college votes to win.
The rapid increase in inflation under the Biden administration weighed heavily on voters, according to exit polls.
