Last night’s contentious election between Donald Trump and Hillary Clinton has aroused a great deal of friction between friends and family on social media. Around 8PM Eastern last night, the markets began to crash when it appeared Republican nominee Donald Trump had a better chance than expected. With Trump, investors wouldn’t know exactly what to expect, so the selling began and stock prices plummeted.
Today the market has been up and down. In the event your financial statement has you a little worried, keep in mind, the stock market is a long game.
Here are a few other notes.
Wall Street is calm, but remains a bit down, after Donald Trump won the United States Presidential election.
Here are some early numbers: 10:17 AM Eastern
Dow Jones: up 21 points at 18,355, +0.1%
S&P 500: up 2 points at 2,141, + 0.1%
Nasdaq: down 16 points at 4,780, -0.5%.
The Healthcare industry has taken the largest hit due to Trump’s threats that he will repeal Obamacare. For example, Insurance group Centene Corporation is down 16%.
On the other hand, pharmaceutical companies have seemingly either been unphased or risen.
Drugs firm Pfizer has leapt by 9.8%, with rival Merck not far behind (+6%).
If I told you Trump would win and the S&P would open unchanged… What would you have told me?
— Jonathan Ferro (@FerroTV) November 9, 2016
Biotech is skyrocketing…
*NASDAQ BIOTECH INDEX POSTS BIGGEST INTRADAY GAIN IN EIGHT YEARS
— lemasabachthani (@lemasabachthani) November 9, 2016
Oh and Wall Street is back to being open for trading after a brief shut down after the markets crashed substantially.
So yes, things are down, but definitely not out.
Photo Credits: Pixabay
The post Election Night Financial Blues Got You Down? Maybe It’s Not So Bad… appeared first on MailerHouse.
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