The world of stocks was set ablaze with the announcement of Donald Trump’s victory, causing an unprecedented surge in U.S. markets while the Canadian markets also experienced a steady rise.
- The S&P/TSX composite index showed a promising increase of 71.71 points, reaching 24,459.61.
- Across the border in New York, the Dow Jones industrial average saw a staggering jump of 1,315.43 points, soaring to 43,537.31. The S&P 500 index also climbed by 114.44 points, closing in at 5,897.20. Similarly, the Nasdaq composite followed suit, rising by 409.83 points to 18,849.00.
Amidst the excitement, financial exchanges were abuzz with activity:
- The Canadian dollar stood at 71.81 cents US, a slight decrease from the previous day’s 71.97 cents.
- The December crude oil contract exhibited a modest incline of 10 cents, valued at US$72.09 per barrel, while the December natural gas contract sored by five cents to US$2.72 per mmBTU.
- On a different note, the December gold contract showed a dip by US$72.50, closing at $2,677.20 an ounce. Similarly, the December copper contract experienced a decrease of 19 cents, now at US$4.28 a pound.
As the markets continue to fluctuate and respond to external factors, investors are on high alert to navigate the ever-changing landscape. The aftermath of big events, such as elections, can have a significant impact on global markets, reinforcing the need for vigilance and adaptability in the financial world. Keep a watchful eye on these developments and make informed decisions to stay ahead of the game.
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