(CBS) — Stocks surged higher Wednesday, shrugging off a plunge in futures markets overnight, after an impressive victory by Donald Trump over Hillary Clinton.
The S & P 500 gained 23, the NASDAQ added 57 and the Dow Jones closed up nearly 257 points, settling to 18,589.
“In an election period when conventional wisdom was not just wrong, but totally wrong, it makes sense that the conventional market wisdom of what would happen after a Trump win would be wrong as well. That is what we saw today. It’s a far cry from the Dow futures being down 500 or 700 points late last night.” says Chuck Carlson, CEO of Horizon Investment Services.
He also noted that he currently finds shares of Amgen, Google and Comcast attractive at current levels.