Fidelity and E-Trade are in the red as customers fret over login problems, while stocks hit record highs after Trump's victory

Trading sites are struggling to keep up with the stock market's rapid rise following Donald Trump's triumphant return to the White House.

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

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According to Downdetector, around 9:30 a.m., many users started having problems with the sites.

At its peak, over 1,700 users reported violence on E-Trade and over 900 were unable to access Fidelity accounts.

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

“Cannot access the credit. Get it together, Fidelity,” they wrote on Downdetector.

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

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

“Get this shit fixed.”

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

“We recognize that some customers may have issues with certain features on Fidelity platforms and are working urgently to resolve this,” the company said.

“We apologize for any inconvenience.”

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

According to Downdetector statistics, problems began later in the morning at other financial sites, including Morgan Stanley, UBS and Raymond James.

Market change

The blackout occurred almost simultaneously with the opening bell of the New York Stock Exchange, which heralded a flurry of excited traders betting on what the new world would look like under Trump's leadership.

As usual, markets took a dive ahead of the election as investors waited with bated breath to see where the federal government would turn.

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

As Reuters reported, major Wall Street indexes rose to record highs on Wednesday as investors predict lower taxes and deregulation under Trump's leadership.

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

Investors rallied around some of Trump's favorite themes, such as natural gas and oil, cryptocurrencies like Bitcoin and Elon Musk's electric vehicle brand Tesla.

Bitcoin rose to a record high of $75,000 during vote counting at the moment Trump gained a lead over his rival Kamala Harris.

It comes as…

• JD Vance said the victory was the “greatest political comeback in American history.”
• Kamala Harris refused to speak to the media when Trump took over.
• According to the AP, Trump won the battleground states of Georgia, North Carolina and Pennsylvania.
• Trump's team began chanting early on when he won North Carolina.
• After Ted Cruz was re-elected in Texas, Republicans took control of the Senate.
• Firefighters were forced to help recount 30,000 votes as chaos reigned on election night.

The president-elect was previously skeptical of cryptocurrency but made a shocking about-face after befriending billionaire CEO Musk.

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

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

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

“Trump keeps telling people openly that he will increase tariffs not just against China but against 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 for all global partners.

“This is a big deal because this could increase inflation by 1%.”

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

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

“There has never been anything like this in this country and perhaps beyond,” he said.