Conciliatory tone of president-elect’s acceptance speech soothes markets, with stocks in oil, gas, mining and construction rising
Donald Trump’s victory in the US presidential election was expected to spook investors after a campaign defined by divisive, protectionist rhetoric.
Yet on the second day after his election Wall Street investors were in a bullish mood, with the Dow Jones industrial average hitting a record high. The Dow rose as much as 191 points to reach 18,780 by 1pm in New York, while the other two main US stock market indexes, the S&P 500 and Nasdaq, also climbed.