True Pundit

Business Politics

Trump Election ‘Market Panic’ Ends with All-Time Dow Jones High

So much for the “panic” that was supposed to engulf the stock market after Donald Trump’s surprising victory in the 2016 presidential race. On Wednesday, just a few hours after Hillary Clinton finally offered her public concession, the Dow Jones Industrial Average closed with an all-time high.

There was market turbulence on Election Eve, to be sure. As midnight approached on Tuesday, Dow futures dropped almost 900 points, S&P 500 futures were down over 97 points, and the U.S. dollar slumped by 3 percent. – READ MORE