Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Turn your 401K to bonds and gold right now


bostonangler
 Share

Recommended Posts

 

 Axel Schmidt/Reuters

US stock futures plunged as election results gave Donald Trump an unexpected edge.

 

Both Nasdaq and S&P 500 futures hit a limit-down, or the maximum amount by which they're permitted to fall before trading restraints kick in. They will be halted until the market opens on Wednesday.

At 12:07 a.m. ET, Dow futures are down 813 points, or 4.48%. If this plunge holds, it sets the market up for an ugly start to trading on Wednesday.

Craig Erlam, senior market analyst at Oando Markets, wrote in a note:

"It’s worth noting that it’s still early days but still, we’re seeing some huge moves in the markets in response to Trump taking the lead in some important battleground states, most notably Florida and Ohio.

These are both states that typically vote in line with the eventually winner of the Presidential race so we can’t underestimate the significance of what would be a massive result for Donald Trump. The odds of Clinton securing the White House have been slashed in the last few hours and some even show Trump as now being the favourite."

The major indexes closed higher in regular trading, adding to massive gains Monday on news that the Federal Bureau of Investigation concluded its investigation into additional emails Hillarious Clinton sent from a private server while she was secretary of state. 

A victory by Hillarious Clinton is considered more positive for financial markets, at least initially, given investors' familiarity with her political career, and the sense of continuity she would likely provide.

And on Tuesday night, futures are clearly tracking the odds: surging when Clinton regains the lead in key states like Florida, and slumping when she appears to be losing ground. 

Donald Trump, however, is considered more unpredictable and uncertain. Several strategists forecast an initial stock-market decline by as much as 10%, although some say this would be short-lived. futuresInvesting.com

Randy Frederick, vice president of trading and derivatives at Charles Schwab, said stocks could rise to all-time highs by year-end even after an initial Trump-related pullback. That's because of the decline since early September, which signals that there's pent-up demand from investors, he told Business Insider. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.