TLDR

MARKET RECAP → Stocks surged on Wednesday, hitting record highs across major benchmarks, following Donald Trump's 2024 presidential election victory.

TRUMP WINS 2024 PRESIDENTIAL ELECTION → Markets surged on Trump’s win as tariffs and trade policies took center stage, while global leaders and diverse U.S. voter blocs reacted to his decisive victory. 🗳️

TOYOTA REPORTS PROFIT SLUMP AMID EV SHIFT → Toyota's Q2 profit fell nearly 20% due to the slow EV shift and sales dips, though it raised dividends to 90 yen, aiming for a 4.3 trillion yen annual profit. 📉

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Trump Wins 2024 Presidential Election

🗳️ Decisive Win for Trump: Former President Trump won the 2024 election over VP Kamala Harris, claiming a broad mandate and promising economic policies focused on tariffs to support U.S. industries.

📈 Market Reactions: Stock futures surged with Trump’s victory, bolstered by Republican wins in the Senate. However, analysts flagged potential risks tied to tariffs impacting global markets, especially in Europe.

🔍 Social Shifts and Policy Pledges: Trump drew support across a diverse demographic base, with plans for mass deportations and strong trade protections, while Argentina’s president voiced alignment with Trump’s agenda.

TODAY’S TOP NEWS

Toyota Reports Profit Slump Amid EV Shift

📉 Toyota’s Q2 operating profit dropped nearly 20% year-over-year, as EV adoption pressures mounted, falling short of analyst expectations at 1.16 trillion yen against the 1.24 trillion yen forecast.

🚗 Sales volume dipped to 2.3 million vehicles from 2.42 million last year, but Toyota upped its annual dividend forecast to 90 yen, acknowledging industry-wide shifts and workforce impacts tied to an “EV-only” future.

🔧 Toyota faces ongoing challenges, including recent recalls and scrutiny over data accuracy, as it aims to retain full-year operating profit projections of 4.3 trillion yen despite headwinds.

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