Stocks rally as S&P 500 hits record high following Trump election win

U.S. stocks are experiencing a strong rally, with the S&P 500 reaching its 50th record high of the year and surpassing 6,000 points for the first time. This surge follows a significant election win for former President Donald Trump and Republican control of Congress. Futures for major indices indicate further gains, with the S&P 500 expected to open up by about 16 points. Tesla shares rose 7.4% after hitting a $1 trillion market cap, while Coinbase shares jumped nearly 17% amid rising cryptocurrency prices. In international markets, the Stoxx 600 index increased by 1.17%, and the FTSE 100 rose 0.74%. However, Hong Kong stocks fell due to disappointing news from China, while Japan's Nikkei 225 saw a slight gain.