Trump’s election victory immediately accelerated stocks to a rapid rise in the United States

Stocks rose significantly in the USA after the stock markets opened on Wednesday.

One hour after the start of trading, the S&P 500 strengthened by 2.1 percent, the Dow Jones Industrial Average by 3.3 percent and the Nasdaq by 2.5 percent.

Trading on the stock exchanges started at 16:30 Finnish time. The stock market’s fear factor, or the Vix index, on the other hand, weakened significantly on Wednesday.

The index is calculated from the prices of derivatives and it measures the market’s expectations of the development of stock prices during the next month. Its weakening means the market is calming down.

of the United States voted for president Donald Trump has promised considerable tax cuts and import duties, with which he aims to protect domestic production from foreign competition.

If Trump succeeds in fulfilling his promises, they will improve the competitiveness and profitability of US companies.

The central goals of Trump’s economic policy are to put the interests of the United States before everything else. The inauguration will take place on January 20, 2025.

Shares of financial companies rose on Wednesday, probably because Trump is expected to reduce their regulation. Investment bank Goldman Sachs’s share rose 12.5 percent one hour after the start of trading.

The strong increase in the price of Tesla’s stock, which manufactures electric cars, is probably mainly explained by the fact that the company’s CEO Elon Musk is a visible supporter of Trump and the company will benefit from the new economic policy. Tesla shares rose 11.9 percent one hour after the start of trading.

In the currency market The dollar strengthened significantly against the common currency on Wednesday. This means that investors moved capital into dollar-denominated securities.

The value of one euro was 1.07 dollars on Wednesday afternoon.