U.S. stock futures are dropping as traders consider a future with Trump in the White House.<\/p>\n
The Dow Jones industrial average, S&P 500 and Nasdaq are all down by roughly 2% to 3% ahead of the open. Losses were more dramatic earlier in the night with Dow futures plunging more than 900 points.<\/p>\n
Dow futures are now off by only about 300 points.<\/p>\n
Investors are concerned about Trump’s unpredictable nature and anti-trade stance, which could result in global turmoil during his presidency. But there are hopes that President Trump will be different than candidate Trump.<\/p>\n
“The first speech by President-elect Trump has had a calming effect on the markets,” said Kathleen Brooks, a research director at City Index in London. “Trump definitely sounded more presidential than he has done at any stage during the election campaign.”<\/p>\n
It’s worth noting that regardless of which candidate wins, stocks typically sell off the day following an election. Case in point: The S&P 500 dropped just over 5% the day after President Obama was elected in 2008.<\/p>\n
Looking abroad, European markets posted minor declines in early trading, with many indices down by 1% to 2%.<\/p>\n
Asian markets closed out the day in the red. Tokyo’s Nikkei led the declines with a 5.4% loss.<\/p>\n
The main Middle Eastern markets also declined by about 1%.<\/p>\n
2. Peso plunge: <\/strong>The Mexican peso is getting clobbered in reaction to the U.S. election results.<\/p>\n At one point overnight, the peso was down as much as 11% versus the U.S. dollar, hitting an all-time low. It’s since recovered a bit but is still down by about 8% in early morning trading.<\/p>\n Mexico’s largest trade partner is the U.S. But Trump has attacked Mexico from Day 1 of his campaign and threatened to build a wall between the two countries. The peso is falling hard as traders fret about deteriorating relations between the countries.<\/p>\n 3. Seeking a safe haven: <\/strong>Investors typically rush to invest in gold during times of market uncertainty. Today is no exception.<\/p>\n Gold prices rose by 3% as investors bought into the so-called safe haven asset.<\/p>\n The Swiss franc and Japanese yen also got a boost because they are viewed as steady rocks during times of turmoil.<\/p>\n Mining and pharmaceutical stocks were also performing well in Europe.<\/p>\n –<\/p>\n Source: CNN<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" U.S. stock futures are dropping as traders consider a future with Trump in the White House. The Dow Jones industrial average, S&P 500 and Nasdaq are all down by roughly 2% to 3% ahead of the open. Losses were more dramatic earlier in the night with Dow futures plunging more than 900 points. Dow futures […]<\/p>\n","protected":false},"author":14,"featured_media":266553,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,107],"tags":[264,13470,1502,13471,13472,13473,13474,13475,4924],"yoast_head":"\n