Stock prices, bond yields, and cryptocurrencies surged in the U.S. today, the Associated Press reports. Futures for the S&P 500 gained 2.2% before the bell, and futures for the Dow Jones Industrial Average climbed 3.2%. Nasdaq futures rose 1.6%. Futures tied to the Russell 2000 index of smaller companies, which tend to rely more heavily on the U.S. economy for their income, soared more than 6%.
The price of bitcoin jumped nearly 8% to a record $75,345 before falling back slightly. Shares of the crypto exchange Coinbase rose 13% in premarket and almost all cryptocurrencies surged higher, including dogecoin, which jumped 18%.
Bank stocks rose in premarket trading, with JPMorgan, the world’s biggest bank by assets, gaining nearly 7% and Capital One rising 11.3%.
Tesla jumped nearly 13%. Shares of Tesla’s competitors largely fell.
Trump Media & Technology Group spiked 36% overnight as it became increasingly evident that Donald Trump was returning to the highest elected office in the U.S.
U.S. benchmark crude oil lost $1.34 to $70.65 per barrel. Brent crude, the international standard, also gave up $1.34 to $74.19 per barrel.
