LINCOLN, Neb. (KLKN) – Stocks hit record highs Wednesday following President-elect Donald Trump’s victory.

The Dow Jones Industrial Average rose 1,500 points, the Nasdaq composite jumped 544 and the S&P 500 rose nearly 150 points.

All reached new heights.

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A Lincoln financial advisor thinks it’s short-term “market euphoria.”

“It could take a day, two more, small market gains – I don’t see big gains – and then it would probably pull back a little bit,” said Brett Shunkwiler of Shunkwiler Financial.

So why are investors so excited?

Shunkwiler said that was because they knew what to expect from Trump: possible tax cuts, possible tariff increases and fewer regulations.

The Federal Reserve is also expected to cut interest rates on Thursday, and another cut is possible in December.

Shunkwiler said this would generally spur more market growth, but the possibility of higher tariffs makes forecasting markets a bit trickier.

He added that the importing country usually ends up paying the customs duties in the form of higher prices.

“That obviously could lead to higher inflation,” Shunkwiler said.