Donald Trump’s projected victory at the polls gives a new impetus to the shares.

Dow futures rose nearly 1,400 points, or 3.2%, lifting the blue chip market into record territory before the start of trading on Wednesday. Futures on the S&P 500 rose more than 2%, while the tech-heavy Nasdaq Composite also appeared to open strongly.

“US stock futures have risen as the election results have been tallied. In our base case, we expect the S&P 500 to rise to 6,600 points by the end of 2025, a price return of almost 15% from current levels, driven by our expectations of favorable US growth, lower interest rates and continued structural tailwinds from AI” , said Solita Marcelli, Chief Investment Officer Americas, UBS Global Wealth Management, in an email. “Lower corporate taxes and/or deregulation of the energy and financial sectors under a Trump administration could provide additional support.”

Cryptocurrency is also on the rise as investors bet the second Trump administration will benefit the volatile sector. Bitcoin prices rose nearly 8% in early trading to a record $75,345.00 before falling to around $73,500.

The former president, who was once critical of digital currencies, promised during his campaign against Vice President Kamala Harris to make the US the “crypto capital of the planet” and create a “strategic reserve” for bitcoin.

“Bitcoin is the one asset that was always going to rise if Trump returned to the White House,” said Russ Mould, investment director at AJ Bell, a British online investment platform.

“Trump has already expressed his love for the digital currency and crypto traders now have a new story to get even more excited about where the price could go,” he added.

The Republican Party’s electoral success Tuesday, including wins control of the Senatealso benefits Trump’s personal finances by boosting Trump Media & Technology Group’s stock price. Shares in the company, which owns the social network Truth Social and in which Trump has a stake worth more than $5 billion, rose nearly 38% to $46.80 before markets opened.

While markets have pushed to new highs this year, Wall Street analysts warn that some of Trump’s key policy proposals could reignite U.S. inflation, dampen economic growth and drive up the national debt. Specifically, Trump has proposed imposing tariffs of up to 20% on foreign goods and up to 60% on Chinese imports.

The Federal Reserve will release its latest figures on the state of the economy on Thursday, with Wall Street analysts expecting the central bank to cut interest rates. reference rate by a quarter of a percentage point. The Fed cut borrowing costs in September 0.50 percentage pointsthe first reduction since 2020.

contributed to this report.