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US stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) roar to life Wednesday morning after former President Donald Trump was named the winner of the 2024 presidential election.

Shares of Tesla (TSLA) and Trump Media & Technology Group (DJT, DJTWW) are also soaring alongside other key companies part of the so-called "Trump trade" rallying on the news.

Big Banks and major oil producers — Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), Wells Fargo (WFC), Citigroup (C), Bank of America (BAC), Exxon Mobil (XOM), Chevron (CVX) — are getting a push higher in their stock price, while solar energy companies like First Solar (FSLR) and Sunrun (RUN) sink further.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.