The talk of doom and gloom was premature — and, as it turned out, ill-conceived.
Wall Street continued to bask in Trump’s victory on Thursday as the Dow index closed on a record high for the second day in a row.
American stocks had risen by more than 200 points to 18,807 by the end of trading, up 1.17 percent since Wednesday.
It was the second soaring record of the week after a surprise surge in faith from investors following Trump’s win.
The S&P 500 also closed in strong shape after an early morning spike in the first hour of trading. It was up four points from the previous day’s close.
Excited traders chanted ‘Ding Dong the witch is dead’ on the floor as they watched it hit a one-month high on Wednesday at the exact moment Hillary Clinton was delivering her concession speech.
And, by the way, the “dollar jumped to a more than two-week high of 98.92, while gold turned flat as investors returned to riskier assets such as stocks.”