08212019What's Hot:

Stocks plunge at prospect of Trump presidency

Futures and the peso sank fast as odds maintained by the New York Times swung hard toward a potential Donald Trump win. | AP Photo

Dow futures and Mexican peso drop by largest margin in two decades.

NEW YORK — Stock futures crashed on Tuesday night and the Mexican peso plunged by the most in two decades as Donald Trump’s odds of becoming president soared, sending shockwaves around the world.

Futures on the Dow Jones Industrial Average plunged by as much as 800 points as investors watched Trump take leads in Florida and North Carolina and appeared to be faring far better than expected in some of Hillary Clinton’s firewall states in the Midwest including Michigan. Clinton also clung to much narrower leads in states that were expected to be relatively safe for her, including Virginia.

Story Continued Below

Futures and the peso sank fast as odds maintained by the New York Times swung hard toward a potential Trump win.

The losses come after a big rally on Wall Street on Monday as polls appeared to suggest Clinton would cruise to victory. Investors view Trump as more risky than Clinton given his protectionist views on trade, pledges to deport millions of undocumented immigrants and concerns about his potential relations with foreign leaders.

Dow futures were down around 445 points as of 10:00 p.m., or about 2.4 percent. Futures and the S&P 500 and Nasdaq were down close to 3 percent as the U.S. flirted with the “Brexit” situation Trump has been predicting for weeks. Markets also sank rapidly when British voters surprised the world over the summer and voted to leave the European union.

Source: POLITICO – TOP Stories

comments powered by HyperComments

More on the topic