The election’s dramatic effect on insurance stocks
November 15, 2016 by Emily Holbrook
As many election viewers heard time and again Tuesday night, the financial markets hate uncertainty. During the several hours that poll results were trickling in, the stock market was predicted to open down, as many investors were certain Trump’s unpredictable nature and anti-trade stance could bring global economic turmoil.
In true election night tradition, the Dow futures plunged more than 900 points Tuesday night. And Wednesday, European stocks opened lower, Asian indices were in the red and the price of gold, which surged after Trump was named president-elect, has now turned negative.