Stocks hit new highs after election. Will the Trump bump last?

LINCOLN, Neb. (KLKN) — Stocks soared to record levels on Wednesday after President-elect Donald Trump’s victory.

The Dow Jones Industrial Average rose 1,500 points, the Nasdaq composite jumped 544 and the S&P 500 increased by nearly 150 points.

All of them hit new highs.

SEE ALSO: Trump wins White House in political comeback rooted in appeals to frustrated voters

A Lincoln financial adviser thinks this is short-term “market euphoria.”

“It might be a day, two more of, like, little bit of market gains — I don’t see big ones happening — and then it’ll probably pull back a little bit,” said Brett Shunkwiler of Shunkwiler Financial.

So why are investors so excited?

Shunkwiler said it’s because they know what to expect from Trump: possible tax cuts, possible tariff increases and fewer regulations.

The Federal Reserve is also expected to lower interest rates on Thursday, and another cut is possible in December.

Shunkwiler said that would usually spur more market growth, but the possibility of higher tariffs makes forecasting the markets a little trickier.

He said the importing country typically ends up paying for tariffs in the form of higher prices.

“That then could obviously cause higher inflation,” Shunkwiler said.