US Stocks Rally, Dollar and Bitcoin Surge as Trump Defeats Harris in Presidential Race

Brief by Shorts91 Newsdesk / 04:24pm on 06 Nov 2024,Wednesday International

Donald Trump has won the 2024 U.S. presidential election, defeating Kamala Harris. His victory sparked a rally in stock markets worldwide. U.S. stock futures jumped, with the Dow gaining over 1,250 points. Small-cap stocks in the U.S. rose sharply, benefiting from hopes of tax cuts and fewer regulations under Trump’s leadership. Bitcoin hit a record high of $75,397, reflecting strong support for cryptocurrencies. The dollar also surged, marking its biggest gain since 2023. European markets rose, though the euro and British pound fell amid tariff concerns.

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