As many election viewers heard time and again Tuesday night, the financial markets hate uncertainty. During the several hours that poll results were trickling in, the stock market was predicted to open down, as many investors were certain Trump's unpredictable nature and anti-trade stance could bring global economic turmoil.
In true election night tradition, the Dow futures plunged more than 900 points Tuesday night. And Wednesday, European stocks opened lower, Asian indices were in the red and the price of gold, which surged after Trump was named president-elect, has now turned negative.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Emily Holbrook
Emily Holbrook serves as owner and head content creator at Red Label Writing LLC, a content studio that collaborates primarily with the insurance and financial services sectors. She can be reached at [email protected].
