Boots & Sabers

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1614, 09 Nov 16

Markets Surge on Trump Election

Not only did they not crash, they surged.

U.S. stocks surged more than 1 percent Wednesday with financials and health care leading after Republican Donald Trump won the presidential election, defying market expectations for a Hillary Clintonwin.

The day’s rally took the major averages within 2 percent of their all-time intraday highs, and marked a stunning recovery from a sharp plunge in stock index futures overnight. Trade volume Wednesday was roughly 12 billion shares, the highest since the surprise U.K. vote to leave the European Union in June.


1614, 09 November 2016


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