U.S. stocks on Wednesday reached record levels with investors reacting to the news that President-elect Donald Trump won Tuesday's election.
The S&P increased 2.5 percent for its best day in almost two years, while the Dow Jones surged 1,500 points. Meanwhile, the Nasdaq composite gained 3 percent.
While big bank stocks led the market higher, Bitcoin also soared to a new record.
The U.S. dollar also increased against other currencies.
This is a developing story and will be updated when more information becomes available.
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Jon Jackson
Jon Jackson is an Associate Editor at Newsweek based in New York. His focus is on reporting on the Ukraine ...
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