Some of the biggest names in the Connecticut business world saw significant gains on Wall Street in the past 24 hours.
They included the Farmington-based United Technologies Corporation, the New Britain-based Stanley Black and Decker, and Lockheed Martin, the corporate parent of Stratford-based Sikorsky.
Economic observers say there is a direct effect from the presidential election.
"After Trump's speech there was a second chance to take a deep breath and take a look that it may not be as chaotic as we thought it would be."
In the hours leading up to the election there was an international sell-off that led to a halt in Dow futures trading, heightening uncertainty.
In the two days since, there has been more optimism, which Stanley Black and Decker has benefited from, Cadden said.
Because of Trump's discussion about infrastructure improvements, Cadden said, "it’s not surprising that the construction stocks would see a significant increase."
Local
Smaller employers in Connecticut are excited for a different reason, the new Republican influence in the Connecticut State Senate.
The 18-18 split with Democrats holding the tie-breaking vote by virtue of Lieutenant Governor Nancy Wyman is the first such divide since 1893.
Connecticut business owners say such balance means more certainty on budget and tax matters.
"We're going to hold their feet to the fire," said Douglas Johnson, the President of Marion Manufacturing in Cheshire.
He says he hopes the Republican influence leads to less talk about tax hikes and more discussion about tax rebates and incentives.
Johnson said, "We can see what happens into the early parts of the session and if these changes come true that we think we’re going to see, absolutely, people are going to be able to release some of that pent up money and the improvements that we need to do internally."
