US stock markets close with mixed results

The US stock market has closed with mixed results as investors rebalance the books following the election of Donald Trump to the presidency.

The Dow Jones industrial average hit an all-time high in same-day trading at 18.873.6, and closed more than 200 points higher.

Others painted a more balanced picture. The Nasdaq composite under-performed, knocking out earlier gains and briefly falling two per cent, while the so-called FANG (Facebook, Amazon, Netflix and Alphabet) stocks closed at around 0.8 per cent lower.

Terry Sandven, chief equity strategist at US Bank Wealth Management, told CNBC that equities were still adjusting to the change and uncertainty surrounding a Trump presidency.

"There still needs to be more clarity and that's going to impact equity prices," he said.

But Art Hogan, chief market strategist at Wunderlich Securities, said conciliatory speeches from both candidates had helped the market recover from an initial nosedive as the results came in.

"You have the potential for growth policies to be put forward with Republicans controlling the White House and Congress," he added.