Stock markets tanked due to uncertainty over a Republican nominee Donald Trump upset of Democratic nominee Hillary Clinton on Election Day 2016.
The Dow Jones Industrial Average fell a whopping 600 points after news broke that Donald Trump had a marginal chance of winning over Hillary Clinton.
Nasdaq fell 141.75 points after traders and investors found out that Trump might edge out a victory. The S&P 500 also fell over 66 points. Financial news outlets and followers went wild on Twitter:
Dow futures have plunged.
More updates here https://t.co/qOGMwUpUjh #ElectionNight pic.twitter.com/dXmThOhxOm
— Bloomberg (@business) November 9, 2016
Dow is down 400 points in futures trading. Stock market hates surprises.
— Clay Travis (@ClayTravis) November 9, 2016
The stock market is beginning to panic. DOW Futures reportedly down 500 points. Oh shit.
— Philip DeFranco (@PhillyD) November 9, 2016
As the polls begin to close and the New York Times has a 67 percent chance of winning the 2016 presidential election, the markets may be in route to fall even more.
Global markets are hedging hard for Democratic nominee Hillary Clinton. Should the election swing in Republican nominee Donald Trump’s favor, there could be a “double whammy negative impact,” Nigel Green, founder and CEO of DeVere Group, tells The Daily Caller News Foundation.
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