Futures markets in the U.S. surged early Wednesday, with the Dow climbing 2.85% and the S&P 500 rising nearly 2%.

Bitcoin, which many see as a winner under a Trump presidency, hit all-time highs above $75,000.

Tesla, the company run by Trump surrogate Elon Musk, spiked 12% before the opening bell while other electric vehicle makers slumped.

Banking stocks also moved solidly higher, with expectations of a pullback by regulators overseeing markets under Trump.