The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates.

Asian shares were trading mostly lower Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as president. Japan's benchmark Nikkei 225 gained 0.