U.S. stocks calm Wednesday morning following Trump’s victory
Krikstine Guerra
Global investors were on edge following President-elect Donald Trump’s stunning upset against Hillary Clinton as U.S. stocks plummeting Tuesday night, but markets opened at decent rates on Wednesday morning.
Dow Jones industrial average, Nasdaq and S&P 500 are up by 0.10 percent or more, as of 9:50 a.m., according to CNBC.
Global financial markets plummeted Tuesday night as Trump inched toward victory, a shock to investors who were betting on a victory for Hillary Clinton. All three major stock indexes were down by 4 percent or more in premarket trading, The Washington Post’s Ylan Q. Mui and Simon Denyer reported.
“The falls in some markets are understandable. A Clinton victory had been priced in by many investors and what a Trump presidency will look like is still unclear — markets hate uncertainty,” Martin Gilbert, chief executive of Aberdeen Asset Management, said, according to MarketWatch.
Stocks opened low on Wednesday morning, but began inching up less than an hour after opening.
https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-updates-on-the-2016-election-voting-and-race-results/u-s-stocks-calm-wednesday-morning-following-trumps-victory/