Dow futures dip 300 points on Trump’s victory
On Wednesday, American shares were setting up for steep losses when trading started, with Republican Donald Trump pulling off a devastating upset by winning the American presidential race.
Equity futures went down as Trump claimed victories in several major battleground states, including Ohio and Florida. After winning Pennsylvania, the key TV networks early on Wednesday called Trump as the winner in a fierce race with his Democratic Party counterpart, Hillary Clinton, who lost the election.
However, futures moved off their worst levels of the trading session as Wall Street’s open got closer. Futures for the Dow Jones Industrial Average YMZ6 dived 1.6%, being worth 17,865. A bit earlier, they lost up to 750 points.
S&P 500 futures ESZ6 lost 1.9%, trading at 2,096.25, Nasdaq-100 NQZ6 futures leapt 2.3%, reaching 4,692.25. Previously, S&P 500 futures reached a trading limit, down 5%, the biggest futures sink allowed under CME Group rules.