Wild moves in stock prices as Wall Street reacts to Trump victory – here’s what it means for your 401(k)

Stocks soared across the board on Wednesday as investors reacted to Donald Trump’s return to the White House.

The S&P 500 and the Dow rocketed to record highs on Wednesday morning. The Nasdaq, the third of the main indexes, was sharply up too.

Meanwhile, the small cap Russell 2000 soared a staggering 6.2 percent to its highest level since early 2022 as domestic-focused stocks expect to benefit from an easier regulatory and tax regime, as well as be less exposed to likely import tariffs.