From the Liveblog of
Wednesday, November 9, 2016
US stock futures tumble 5% on fears of Trump win
Add ToI as a Preferred Source on GoogleUS stock markets tumble more than five percent in after-hours trading as Trump appears poised to defeat Clinton in the race for the White House.
Futures markets for the S&P 500 fall 5.01 percent and the tech-heavy NASDAQ loses 5.08 percent, reflecting the growing concerns among investors about the economic risks posed by a Trump presidency. The Dow Jones index falls 4.30 percent.
As results come in pointing to an astonishing upset win by Trump, markets that had counted on Clinton to win are caught up in a growing wave of panic.
Stocks had risen yesterday, with Dow Jones index up 0.40 percent and the Nasdaq up 0.53 percent. Futures contracts, which fall while Wall Street is closed, reflect investor sentiment on what will happen down the road.
— AFP
The Times of Israel Community.