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The Guardian - US

Business

Phillip Inman, Graeme Wearden and Callum Jones

Wall Street and bitcoin soar to record highs as Trump wins US election

Donald Trump United States Bitcoin Elon Musk Renewable Energy Tesla Inc. TMTG

Dollar bills with £1 coins and one euro coins — The dollar index hit a four-month peak while the euro and sterling slipped. Photograph: Matt Cardy/Getty Images

Wall Street and bitcoin rallied to fresh record highs and the dollar soared after Donald Trump’s victory in the US presidential election, while renewable energy stocks fell.

Trump was declared the winner on Wednesday morning after securing the 270 electoral votes needed to take the presidency.

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