Wall Street cheers: These stocks zoomed as Donald Trump swept polls - List

Tesla shares surge: Shares of Tesla , Donald Trump's media business and domestic-focused small-cap companies surged on Wednesday in anticipation of a win for former president even though some key states in US election are yet to post results.

Trump claimed victory after Fox News projected that he h defeated Democrat Kamala Harris, although or news outlets h yet to call race for Trump.

Tesla TSLA.O jumped 11 per cent as CEO Elon Musk promoted former president throughout his electoral campaign. If re-elected, Trump has promised to make Musk he of a government efficiency commission.

Trump Media & Techlogy Group DJT.O, in which former president owns a majority stake, soared 30 per cent. From ir all-time lows hit in late September, y have nearly tripled in value, boosting former president's stake to $5 billion.

Meanwhile, S&P 500 futures hit an all-time high and futures tied to small-cap Russell 2000 index RTYcv1 surged 5.6 per cent on bets that US-focused companies would benefit from business incentives and tariffs that favor domestic production.

" market believes a Trump presidency will unleash animal spirits and give a boost to growth in short-term through some relief on corporate taxes and deregulation," said Frédérique Carrier, he of investment strategy for RBC Wealth Manment in British Isles and Asia.

Republicans took control of Senate, while neir party appeared to have an edge in fight for control of House of Representatives.

outcome of who controls US Congress will play an important role in determining how easily US president will govern over next two years.

"If you look at historical playbook, a Republican sweep has been a strong backdrop for S&P 500 whereas a Republican presidency with a split Congress has given a more muted return," Carrier said.

Wall Street lenders JPMorgan Chase JPM.N, Bank of America BAC.N and Wells Fargo WFC.N jumped between 5 per cent and 6 per cent.

Trump, who has positioned himself as pro-cryptocurrency, lifted Bitcoin to a record high. Crypto -linked stocks Coinbase COIN.O, MicroStrategy MSTR.O, Riot Platforms RIOT.O, MARA Holdings MARA.O jumped between 11 per cent and 14 per cent.

On downside, US renewable energy firms such as NextEra Energy NEE.N and First Solar FSLR.O plunged 7.5 per cent and 11 per cent, respectively as Trump has campaigned for rollback of climate regulations passed under President Joe Biden.