So much for president-elect Donald Trump crashing the stock market.
The Dow Jones Industrial Average closed at an all-time high on Thursday, just two trading days after the GOP nominee claimed victory in the United States presidential election.
The Dow shuttered its Thursday at 18,707.88. That’s up 218.19 points from Wednesday’s close, or +1.17 percent.
Here’s today’s DJI trading:
And here’s the index’s history:
As for the S&P 500, that compilation of stocks had a nice start this morning as well. After settling down, it closed up 4.22 points from yesterday’s 4 p.m. ET whistle. That increase translates to one-fifth of a percentage point.
The S&P 500 had a particularly strong day yesterday — read where that session ranked historically here.
Here is today’s S&P movement:
All of this is far better news than most anticipated immediately after a Trump win. Around midnight ET on Tuesday, the U.S. markets dropped hard pre-market when it became likely that Trump would win the White House. They would mostly recover by Wednesday’s early morning hours — though not fully.
Dow futures, the S&P 500 and the NASDAQ all sunk about 5 percent at the time, triggering an automatic halt on sales — a failsafe, essentially. The Dow had fallen more than 800 points, the S&P fell more than 100 points, and the NASDAQ dipped to around 4,500.
The global reaction was even less favorable in the immediate aftermath of early election returns. The Mexican peso tanked by more than 10 percent on currency exchanges, trading at an all-time low for a little while. Asian indexes, meanwhile, began to absorb the U.S. election news as their Wednesday trading day began. Major indexes sank by more than 2 percent; Hong Kong’s Hang Seng was down by more than 3 percent.