Stocks appear set to open higher today. We'll see what the future brings.
Donald Trump election win turbocharges stocks, cryptocurrency and Trump Media
Dow futures soared nearly 1,400 points, or 3.2%, lifting the blue-chip market into record terrain before the start of trade on Wednesday. S&P 500 futures were up more than 2%, while the tech-heavy Nasdaq Composite also looked set to open strong.
Although markets have pushed to new highs this year, Wall Street analysts warn that some of Trump's key policy proposals could rekindle U.S. inflation, dampen economic growth and drive up the nation's debts. Specifically, Trump has proposed imposing tariffs of up to 20% on foreign goods and up to 60% on Chinese imports.