Stock Futures Plunge On Trump Presidency
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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]