Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump declared winner

The stock market's reaction to Trump's victory indicates investor confidence in potential pro-business policies, including lower taxes and deregulation. This sentiment could encourage investment flows into sectors likely to benefit from these policies, such as energy and financials.

With a potential GOP majority in the Senate and a pro-business climate expected under Trump, stocks like JP Morgan Chase (JPM) may gain traction, especially with the anticipated easing of regulations.

The significant rally in the Russell 2000 index suggests that smaller, domestic companies will prosper under Trump's administration, as they often benefit from tariffs and a stronger dollar.

Higher inflation concerns, due to increased tariffs, might affect tech-heavy indices negatively as investors fear valuation pressure. This could lead to cautious investing in high multiple growth stocks.