The stock market just made history.

The Dow Jones Industrial broke through its previous intraday all-time high of 18,668 as soon as the market opened for trading on Wednesday.

As of 9:37 a.m. ET, the dow was trading up 142 points at 18,732, a 0.76% gain. Both the S&P 500 and Nasdaq were also up 0.77% and 0.81% respectively.

The rally and record comes just two days after the futures markets were down more than 800 points overnight during the US presidential election.

In other markets, US Treasuries are getting slammed. Yields for US government bonds have hit their highest levels since January as investors put on risk instead of safe-haven trades like bonds. The US 10-year is up 6.3 basis points to 2.113%.

The other safe-haven trade of gold is also selling off with the precious metal down nearly $8 an ounce for the day to $1,266/oz.

In foreign exchange markets, the USD index is stronger by 0.4%. The Mexican peso has also hit a record low against the dollar at $20.2638 per dollar.

It appears the uncertainty leading up to the US election has been removed from the market, while there's a possibility of business-friendly reforms such as tax reform and fiscal stimulus. Factors like this could be leading the market higher.

 

 

 

 

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