The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

Financial markets could benefit from Donald Trump’s second term, says Wharton’s Jeremy Siegel. But they could also serve as a check against certain excesses.

Donald Trump is returning to the White House, and the stock market is loving it. Investors, relieved to have a clear-cut election winner and fired up about the prospect of tax cuts and deregulation, have sent US stocks zooming higher.