Stock Market Today: Asian shares bounce after Trump's victory as focus turns to the Fed

Shares have recovered from early losses in Asia after U.S. stocks stormed to records as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. Investors were also turning their attention to the Federal Reserve's decision on interest rates later Thursday. On Wednesday, the S&P 500 jumped 2.5% for its best day in nearly two years. The Dow Jones Industrial Average surged 3.6%, and the Nasdaq composite gained 3%. Bitcoin also jumped to a record, while Treasury yields ran higher amid worries about bigger U.S. government borrowing and worse inflation. The U.S. dollar jumped against other countries’ currencies.