Donald Trump won Tuesday's election to be the 45th president of the United States,calling for Americans to “come together as one united people” in aspeech in New York early Wednesday, while his Republican partyretained control of both houses of Congress.
"We are going to rebuild our infrascture…and we will putmillions of our people to work as we rebuild it," Trump saidWednesday. “We have a great economic plan,” Trump said,pledging that as president he would “double our growth and have thestrongest economy in the world.” He continued, saying "we will getalong with all other nations willing to get along with us.” He alsosingled out for praise Sen. Jeff Sessions, R-Ala., who he said is“highly respected in Washington because he’s as smart as youget.”
Stock markets worldwide had reacted negatively to the electionresults, while U.S. stock and futures plunged. Once the U.S.markets opened for trading at 9:30 AM New York time, the volatilitycommon after presidential elections was on display. The S&P 500opened at 2125, then rose to 2145 just before 10:00, but by 11:00it stood at 2142, up 2.4 points, or 0.11 percent from November 8'sclose of 2139. The Dow Jones Industrials closed Tuesday at 18,332but rose to 18,424 at the market open; as of 11:00 AM it was up 67points, or 0.37 percent, to 18,400.
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James J. Green
Jamie Green is editor of Jamie Green Reports, an advisor-focused writing, editing and shepherding service. He can be reached at [email protected]. Jamie is former Group Editorial Director of the Investment Advisory Group at ALM Media, where he had overall editorial responsibility for ThinkAdvisor.com and Investment Advisor and Research on Wealth magazines, monthly print magazines that have served advisors of all kinds for more than 30 years. In more than 30 years of experience in print and electronic journalism, Jamie has been covering the investment advisory industry since 1999. In the 1990s he worked for nine years at The New York Times, where he was editor of TimesFax, an electronic version of the newspaper of record now known as TimesDigest. In the 1980s he was editor of Tele/Scope, a pioneering electronic news service based in New York, and was editor of Telecommunications Research, a monthly journal. He holds a bachelor's degree in philosophy from St. Hyacinth College in Granby, Massachusetts, and studied theology on the graduate level at St. Anthony-on-the-Hudson, Rensselaer, New York.
