US Stock Market Rallies After Trump's 2024 Election Win Amid Tariff Concerns; Dollar Surges, Emerging Markets Face Biggest Fall in Two Years

Following Donald Trump's victory in the 2024 presidential election, the US stock market initially reacted positively. However, analysts warn of potential turbulence ahead, particularly if Trump follows through on his tariff threats. Specific sectors, including materials and consumer discretionary, may experience declines as a result. Concurrently, the US dollar has surged, leading to the most significant drop in emerging market currencies in two years. This rise in the dollar is attributed to a combination of factors, including Trump's election win and broader economic conditions, prompting a sell-off in these currencies. The banking and brokerage sectors have seen increased trading activity as a result of the market's response to the election outcome.