The Dow Surges 1,500 Points in Biggest Post-Election Gain in 128 Years
The Dow Jones Industrial Average marked a historic post-election move after Donald J. Trump locked in enough electoral votes to win the presidency over Kamala Harris.
The Dow surged 1,508 points, or 3.6%, on Wednesday. That’s the Dow’s largest post-election gain since it rose 4.5% in November 1896, according to Dow Jones Market Data. The S&P 500 also rallied 2.5%, while the Nasdaq Composite stormed 3% higher. All three indexes finished the day with record closing highs.
Small-cap stocks were the real stars of the day, with the Russell 2000 recently up 5.8%. The CBOE Volatility Index, or VIX, sank below 20 to roughly 16.51 in recent trading. Wall Street was bracing for a contentious election that may not have yielded a final result for days, or even weeks. Instead, Trump rode a red wave to a decisive victory.