Stock market and presidential election
Macron handily wins French presidential election—seen as an upbeat sign for the stock market - MarketWatch
Most global stock markets are dropping, Mexico's currency has tanked and U. Markets hate uncertainty, and many investors believe Trump's unpredictable nature and anti-trade stance could bring global turmoil. Dow futures were down about points early Wednesday morning, or about 1.
At their low point on Tuesday night, Dow futures were down more than points. Nervous investors may have been soothed after Trump called for Americans to unite after the brutal election campaign.
Most European stock markets are declining, but the losses are not huge. Russia was one of the few winners. Its main market index was rising about 1. Stock indexes across Asia closed the day in the red. Japan's Nikkei plummeted 5. Stock futures began tumbling after 9 p. ET as it became clear that Hillary Clinton's chances of winning crucial states such as Florida, North Carolina and Ohio were in serious doubt.
She would later lose all three to Trump.
By comparison, the Dow fell points , or 3. Wall Street appears to have been caught leaning in the wrong direction before the vote.
The Dow raced nearly points on Monday as investors bet that Clinton's chances of winning improved after the FBI cleared her in the email investigation. Trump's anti-Mexico rhetoric has affected the value of the peso for weeks. Trump has talked about renegotiating or even ending NAFTA , the free trade deal between the U.
It really is ground zero of this discussion economically," said Nicholas Colas, chief market strategist at brokerage firm ConvergEx. Investors are turning to assets that are seen as safer bets in times of uncertainty. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar.
Daily newsletter, Sunday through Friday. Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. FactSet Research Systems Inc. Certain market data is the property of Chicago Mercantile Exchange Inc.
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Clinton vs. Trump: IBD/TIPP Presidential Election Tracking Poll | Stock News & Stock Market Analysis - IBD
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