Loyalty and e-commerce ‘down’ with customers furious over login issue as stocks hit record high after Trump win

On By Littum

TRADING sites are struggling to keep up with a rising stock market following Donald Trump’s triumphant return to the White House.

Fidelity and E-Trade users reported a wave of outages Wednesday morning following a historic election victory for Trump and the Republicans.

New York Stock Exchange traders donned Make America Great Again hats and marched after Donald Trump's shock presidential victory

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New York Stock Exchange traders donned Make America Great Again hats and marched after Donald Trump’s shock presidential victoryCredit: Reuters
A trader saw stocks rise to historic highs as investors predicted lower taxes and deregulation under Trump's leadership

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A trader saw stocks rise to historic highs as investors predicted lower taxes and deregulation under Trump’s leadershipCredit: Reuters
Trump, seen in July, has been a big proponent of cryptocurrency

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Trump, seen in July, has been a big proponent of cryptocurrencyCredit: AP

According to Down detectorMany users started having problems with the sites around 9:30.

At its peak, over 1,700 users reported e-commerce outages and over 900 were unable to access Fidelity accounts.

One Fidelity user lamented their lack of access on a day when “markets are so volatile.”

“Can’t access balance. Get it together Fidelity,” they wrote on Downdetector.

read more about the election

An E-Trade user slammed the company for preventing them from buying or selling shares on such a crucial morning.

“Mobile app frozen at open market,” they wrote.

“Get that shit fixed.”

One user called the Fidelity app “useless” on X, forcing the investment firm to respond.

“We are aware that some customers may experience issues with certain features on Fidelity platforms and we are working quickly to resolve this,” the company said.

“We apologize for the inconvenience.”

Donald Trump takes the stage and declares victory

E-Trade did not respond to a request for comment.

Other financial sites began experiencing problems later in the morning, including Morgan Stanley, UBS and Raymond James, according to Downdetector statistics.

MARKET SHOOTER

The blackout happened almost simultaneously with the New York Stock Exchange’s opening bell, heralding a flood of excited traders betting on what the new world would look like under Trump’s leadership.

As usual, markets saw a pre-election decline as investors waited with bated breath to see where the federal government would turn.

Now that Republicans are taking the White House and the Senate, traders are making a historic return to the market.

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Wall Street’s main index rose to record highs Wednesday as investors anticipate lower taxes and deregulation under Trump, Reuters reported.

The S&P 500 was up 1.8% in morning trade, and the Dow Jones Industrial Average was up 1,315 points, or 3.1%.

Investors rallied around some of Trump’s favorite topics, such as natural gas and oil, cryptocurrency like Bitcoin and Elon Musk’s electric car brand Tesla.

Bitcoin surged to record highs of $75,000 during the vote, the moment Trump scored a lead over rival Kamala Harris.

It comes as…

  • JD Vance said the victory is the “greatest political comeback in American history.”
  • Kamala Harris refused to speak to the media when Trump took the lead.
  • Trump won the battleground states of Georgia, North Carolina and Pennsylvania, according to AP.
  • Trump’s team began celebrating early with a song when he won North Carolina.
  • Republicans took control of the Senate after Ted Cruz was re-elected in Texas.
  • The firefighters were forced to help recount 30,000 votes as the polls faced election night chaos.

The president-elect was previously skeptical of the cryptocurrency, but made a shocking U-turn after finding friends with billionaire CEO Musk.

“Crypto is one of the things we have to do,” Trump wrote on X in September.

“Whether we like it or not, I have to do it.”

But traders also predicted the US would see higher inflation from 2025 as Trump has pushed to tax imports from countries such as China.

Trump’s main policy points

DONALD Trump closed the Republican National Convention on July 18, telling supporters he wanted to be president of “all Americans.

  • Implementation of tax reductions, including no tax on tips.
  • Protecting Social Security and Medicare – Trump said, “Incomes will skyrocket and the middle class will prosper like never before.”
  • Protecting Borders – He promised to end the “border nightmare.” That means two things on day one – “Drill baby Drill,” as he said, and close the borders.
  • Completion of the wall.
  • To keep our “sons and daughters safe.”
  • Restocking the military and building a military “dome” – Trump insisted he could stop wars with just a phone call and said no military would be able to penetrate the US if he came to power.
  • To end the war in Ukraine and impose tariffs on Iran.
  • Vows to “beat” China.
  • Works to lower prices and ease inflation.
  • Lower the cost of energy.
  • Making cities “safe, clean and beautiful” again.
  • Make it possible for Americans to buy gas-powered cars by ending the mandate for electric cars on the first day of his presidency.

“Trump keeps openly telling people that he’s going to raise tariffs not just on China, but with all trading partners,” Andrzej Skiba, head of BlueBay US Fixed Income at RBC Global Asset Management, told the Associated Press.

“We are talking about 10% tariffs across all global partners.

“This is a big deal because this could add 1% to inflation.”

Trump gave a powerful speech at 2:30 a.m. Wednesday morning after it became clear he would be returned to power.

He called his campaign “the greatest political movement ever” and promised to “help heal the country.”

“There has never been anything like it in this country, and maybe outside,” he said.