All three major indexes in New York Stock Exchange hit record intraday highs.

With the victory of former U.S. President Donald Trump in the presidential election, all three major indexes of the New York Stock Exchange hit record highs during the day.

As of 1:35 p.m. ET, the Dow Jones 30 Industrial Average rose 3.50% from the previous session to 43,698.89, while the Standard & Poor's 500 rose 2.38% to 5,920.19 and the Nasdaq Composite rose 2.71% to 18.938.56.

Expectations that the Trump administration's tax cuts and deregulation policies will have a positive effect on business activity have stimulated investor sentiment.

In addition, the so-called "Trump Trade" was clear, with "Trump Beneficiaries" rising on the prospect that Republicans are likely to take control of both the Senate and the House of Representatives.

Chief Executive Elon Musk's Tesla, which was active to win Trump's election, jumped 14% during the day.