2024 US Elections Results, Donald Trump Win US Stock Market Impact, Donald Trump Win India Stock Market Impact: The D-Day finally arrived in the world's oldest democracy as counting is underway for 2024 US Elections Results. Counting is left in only 8 states in the US presidential election. So far, results of 42 states have come. Out of these, Donald Trump of the Republican Party has won in 26 and Kamala Harris of the Democratic Party has won in 15. Trump is just 23 seats away from the majority. He has got 247 seats out of 538 seats, while Kamala has got 214 seats. There is a difference of only 33 seats between the two. However, Trump is leading in 6 of the remaining 8 states. In such a situation, Kamala is on the verge of losing the election despite giving a tough fight. With early projections hinting at Donald Trump's return in the White House, the US Election Results has started to impac the global stock market including India's Dalal Street and US' Wall Street. Below is how Donald Trump's victory projection is impacting the stock market-
How Donald Trump's victory is impact the stock market?
The continuous decline in the stock market for the past few days finally got a break on Tuesday and Sensex-Nifty closed with strong gains. However, on Wednesday on the third business day of the week, the effect of the results of the US presidential elections can be seen on the stock market. The stock market witnessed a sudden surge on Tuesday, the last trading day, and there are indications that this momentum will continue even today (Wednesday). In fact, there has been a surge in the global market. This surge in the Asian markets including America has come before the results of the US Presidential election and as the results come out, its effect can also be seen on the Indian stock market. The elephant, the symbol of Donald Trump's Republican Party, is now running fast.
Amid a close poll fight between Trump and Harris, the effect of fluctuations in the global market is also visible on the Indian markets and positive signs were seen on Wednesday. US markets remained bullish overnight, while Asian markets also traded with gains. Talking about US Share Markets, Dow Jones closed at 42,221.88 with a gain of 427.28 points or 1.02 percent, while S&P500 also closed at 5,782.76 with a gain of 1.23 percent. Talking about Nasdaq, it also rose by 1.43 percent.
Trump's potential victory impact on Wall Street
As per Reuters, S&P 500 e-mini futures rose 1.2%, The yield on the 10-year U.S. Treasury note rose to a four-month high of 4.47%, The U.S. dollar index was up 1.5%, Bitcoin hit a record high of $75,060. Therefore, if Trump's victory is announced, it is expected that the stock market of the US and even Asia especially in India can jump.