Stocks, bond yields and bitcoin surge as Trump closes in on US election victory

Share prices and bond yields have surged as the Republican party gained control of the Senate and former President Donald Trump closed in on the 270 electoral votes that would return him to the White House. U.S. futures rose, and the price of bitcoin jumped at one point to a record $75,345.00. The yield on the 10-year U.S. Treasury also rallied. The full results of Tuesday's election may not be known for days or weeks as officials count all the votes, but investors already were maneuvering in anticipation that a victory by Trump will lead to faster economic growth and more market-friendly policies.