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Dow futures surge 1,200 points, Russell 2000 futures jump 6% as Trump defeats Harris: Live updates

Stocks were poised for a booming rally Wednesday as Donald Trump won the 2024 presidential election.

Futures on the Dow Jones Industrial Average soared 1,231 points, or about 2.9%. S&P 500 futures gained 2.1%, and Nasdaq 100 futures climbed 1.7%. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022.

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