Stocks soared Wednesday after former President Trump won the 2024 presidential election in a more decisive victory than most had anticipated. Stocks are up nearly 3% with all three major indices hitting record highs on the election news. Gold dropped to a three-week low, while silver plunged to a two-month low as the US dollar surged. The Fed is expected to cut rates 25 basis-points on Thursday, but Powell’s guidance for future policy after the election results could rattle markets.