Stock Futures Plunge On Trump Presidency

Donald Trump
Former President Donald Trump

Donald Trump has just been elected America’s 45th president, and experts are all gearing up for markets to enter free fall.

S&P 500 futures have already fallen as much as 5% following the news of Trump’s upset victory over Hillary Clinton, the Wall Street Journal reports. Crude oil has fallen over 3%, Japan’s Nikkei stock index is down 5% and the dollar lost 3.6% against the Japanese yen.

During his campaign Trump strongly advocated policies that experts fear could hurt the economy, with extreme immigration measures potentially hurting trade with Mexico while raising tariffs that could slow global growth. Potentially, even more worrying to investors are the lack of specifics underlying many of Trump’s proposals, and that uncertainty is spilling into markets. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Bank Reportedly Looking To Sell $500M In Data Center Loans Following Elections

Simon Achieves 17% Rent Growth On New Leases As Retail Demand Soars

KBS REIT III Gets Short Reprieve On $455M In Office Loans

Former Vornado Exec Gets 11 Years In Prison For Stealing $9.5M From REIT

How To Power The Next Generation Of AI Facilities For Grid Compatibility And Sustainability

'It Has Gotten Worse, And Everybody Is Feeling It': Hiring Slows, Raises Shrink In CRE

Treasury Releases New Nationwide Opportunity Zone Map With 6,600 Tracts

Higher Rates, Economic Uncertainty Push Banks To Tighten CRE Lending Standards

Invesco Closes $97.6M DST Offering

Fannie, Freddie Complete Fraud Reviews On Walker & Dunlop

BVK's Office Raided In Widening Investigation After Big Losses In U.S. Real Estate

'You Need Data At Scale': What Makes Or Breaks AI In CRE