US Stock Futures Soar Following Trump's 2024 Election Win

US stock futures soared higher Wednesday as Donald Trump regained the White House, winning the 2024 presidential election.

Biggest Premarket US Stock Movers:

• Trump Media & Technology (NASDAQ:DJT) stock soared 35%. The company owns the Truth Social platform, primarily owned by Donald Trump.
• Tesla (NASDAQ:TSLA) stock rose 14%, viewed as a key beneficiary of a Trump win, supported by CEO Elon Musk.
• Citigroup (NYSE:C), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) all rose over 8% amid expectations of less regulatory oversight in the banking sector.
• Coinbase (NASDAQ:COIN) stock rose 13%, benefiting from bitcoin reaching record highs, as Trump has positioned himself as pro-cryptocurrency.
• First Solar (NASDAQ:FSLR) stock fell 14%, along with other renewable energy firms, as Trump is expected to reverse climate regulations enacted under President Biden.
• Super Micro Computer (NASDAQ:SMCI) stock fell 23% after cutting its guidance for fiscal quarters, despite finding no evidence of fraud in an internal probe.
• Rivian (NASDAQ:RIVN) stock declined 4.6%, anticipating its first revenue drop since going public three years ago.
• Novo Nordisk (NYSE:NVO) stock rose 2.3% after announcing increased availability of its weight-loss drug Wegovy in the US.