Yahoo Finance Anchor Rachelle Akuffo breaks down the top market stories of the day.

All major indexes are in the green as investors react positively to the results of the US presidential election. The Nasdaq Composite (^IXIC) is up a notable 400 points today.

The race for control of the House of Representatives remains in focus. The Democrats have won 181 seats while the Republicans have 199 seats, with 55 seats yet to be called. However, the Republicans have secured a majority in the Senate.

Meanwhile, gold (GC=F) prices are falling as investors shift away from the traditional safe-haven asset and embrace the "Trump trade" instead. Stocks in the green energy sector that were previously buoyed by the prospect of a Democratic victory are now plummeting in the wake of Trump's win.

Another stock in the spotlight is Meta Platforms (META) as the Supreme Court is set to hear an appeal from the tech giant regarding a securities fraud lawsuit today.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith