Stock markets reversed overnight losses stemming from the shock of Donald Trump’s upset victory Tuesday night and and the Dow Jones Industrial Average soared to what would be a record closing high Wednesday as investors worked through the implications of the Republican’s ascent.

The Dow Jones Industrial Average climbed more than 300 points, or more than 1.5 percent, by the afternoon, reversing a massive 750-point plunge in futures Tuesday night as election results came in.