U.S. stocks gained for a third straight session Wednesday, as Wall Street assessed the economic impacts after U.S. Republican Donald Trump won the country's presidential election.
The Dow Jones Industrial Average jumped 256.98 points, or 1.40 percent, to 18,589.69. The S&P 500 added 23.70 points, or 1.11 percent, to 2,163.26.
The Nasdaq Composite Index increased 57.58 points, or 1.11 percent, to 5,251.07. Trump defeated his Democratic rival Hillary Clinton in Tuesday's presidential election.
Clinton, a former first lady and secretary of state, has made a public concession speech, say "we must accept this result and look to the future." Trump addressed the nation at the Hilton hotel ballroom in midtown Manhattan, saying that "I'll be a president for all Americans."
Analysts thought that the increased prospect of tax cuts and a generally pro-growth set of policies from Trump, aided and abetted by the Republican clean sweep of congress, boosted investor sentiment.
Overseas, European equities also gained broadly Wednesday amid the U.S. election news. German benchmark DAX index at Frankfurt Stock Exchange leapt 1.56 percent, while British benchmark FTSE 100 Index climbed 1.00 percent.
In Asia, Tokyo stocks plunged Wednesday as investors rushed to dump issues as election projections showed Trump would win the U.S. presidential race. The 225-issue Nikkei Stock Average plummeted 5.36 percent to 16,251.54 points, marking its biggest daily drop since Britain voted to leave the European Union on June 24.
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