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AP calls presidential race for Trump; markets in turmoil

Published 11/09/2016, 02:35 AM
AP calls presidential race for Trump; markets in turmoil
  • The Associated Press has called the U.S. presidential race for Donald Trump, which would be the culmination of a stunning rebuke to the political establishment and sent shockwaves through financial markets.
  • That coincided with calls for Trump in Pennsylvania and (just now) Wisconsin -- two of the very last necessities for a path to victory for Clinton, who was heavily favored in national and electoral college forecasts as late as today.
  • Those calls put Trump to 276 electoral votes of a needed 270.
  • Compared with previous presidential elections, futures were far jumpier throughout the night based on small fluctuations in early precinct returns. But they took a turn down (and then still further down) as electoral votes piled up for Trump.
  • Futures trading that was thought to be halted overnight is well under way. S&P e-Mini futures -3.4%. Dow futures -2.8%. Nasdaq -3.9%.
  • The euro is up 1.6% against the dollar, which is down 2.5% against yen and down 1.4% against the Swiss franc. Sterling is up 0.7% against the dollar.
  • Gold is up 3.2% to $1,315.80. Silver +2.3% to $18.782. Even copper +1.1% to $2.408.
  • Hillary Clinton has placed a concession phone call to Trump, NBC reports.
  • Broad market ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, TALL.
  • Metal ETFs: DBB, BOM, BOS, RJZ, BDD, JJM, BDG, UBM, HEVY
  • #Election2016
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