The S&P 500 Index ($SPX) (SPY) today is up +1.91%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +3.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.03%.
Stocks today are sharply higher, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting new all-time highs. Stocks are soaring today after Republican candidate Trump won the presidential election. Republicans also gained control of the Senate, but control of the House was still undecided, with many races too close to call. Bank stocks are climbing today based on expectations of reduced regulations from the Trump administration. Also, health insurers focused on the Medicare market rallied on the view that the Trump administration will pay higher rates to insurers that provide private versions of the US health program for seniors.
