Stocks that stand to benefit from Donald Trump's presidency soared in the wake of the real estate magnate's victory.
TheStreet's Donald Trump Stock Portfolio, a set of 15 stocks that should benefit from the president-elect's policies, traded up 4.47% midday Monday. Broader markets rallied as well, with U.S. stocks posting solid gains despite futures markets showing signs of distress as election results rolled in overnight. Hillary Clinton delivered her concession speech late morning, urging her supporters to keep an "open mind" and give her rival "a chance to lead." President Obama encouraged a smooth transition to the Trump administration and said we are "all rooting for his success."
Trump has remained relatively quiet throughout the day apart from a tweet pledging that we will "all come together as never before."
Such a beautiful and important evening! The forgotten man and woman will never be forgotten again. We will all come together as never before— Donald J. Trump (@realDonaldTrump) November 9, 2016
Speculation has already begun to swirl about his administration, agenda and plans.
U.S. Steel (X) was the top performer in the Trump stock portfolio midday Wednesday, trading up 18.18% to $24.77. Trump has promised to get tough on trade with China and practices by the country that hurt American steel companies. As part of his campaign platform, he pledged to instruct his Treasury Secretary to label China a currency manipulator and ask the U.S. Trade Representative to bring trade cases against it.