As the vote totals stream in, the Republican Party looks poised to take control of the White House and both houses of the legislature as final vote tallies are made. Despite votes still being counted, Trump managed to carry key battleground states, notching victories in some states that had not seen a Republican victor in decades. Financial markets have reacted with sheer turmoil as the anti-establishment candidate takes a commanding lead, with most media outlets reporting a high degree of certainty that Trump will be the next President of the United States. US stock futures have plunged, with S&P 500 futures down -3.83% on the session, with losses outpaced by tech-weighted Nasdaq futures which have slumped -4.32%. While Hillary Clinton’s camp has yet to concede defeat, financial markets continue to selloff as a Trump electoral victory appears inevitable.
Markets Sink As Trump Win Projected
Daily Analysis - 09/11/2016