The stock market has been rising since July – the S&P 500 3.3% since July. On Election Day it closed up more than 427 points, ending at 42,221.88. According to CNN.com, since 1944, in 18 of the 20 elections, the incumbent party won if the stock market was going up.

Five Below sells products targeted toward teens and preteens, ideally pricing things below $5. It needs cheap merchandise to ensure good profit margins. But according to CNBC, Trump has proposed up to a 60% import tariff on goods from China. And this would dramatically impact financial results for Five Below (and others) if enacted.

While a path toward the 270 Electoral College votes needed to take the White House remained in reach for both U.S. presidential candidates Tuesday, a rally in Dow futures and selloff in U.S. government debt indicated market participants were prepared for a victory by Republican Donald Trump.

A Trump victory sent stock investors into beast buying mode, which was broad in nature with most sectors seeing big gains, minus the more defensive areas.

The blue-chip Dow closed up 259.65 points, or 0.59%, to a record high 43,988.99, and the broad Standard & Poor's 500 index finished up 22.44 points, or 0.38%, to an all-time high of 5,995.54. The S&P 500 and Dow are both about 4.