Dow Jones Soars On Trump Win, Erasing Losses Seen In Futures Market
Nov, 09th 18:22
U.S. stocks turned higher on Wednesday, following a rout in equity futures in Asian trading hours after Republican Donald Trump had been elected the 45th president of the United States. The Dow Jones Industrial Average added more than 180 points, or 1.0%, recovering from the worst selling in four months.
Traders have been assured by rising speculation that Donald Trump and a Republican-controlled Congress will pursue business-friendly policies.
Only 9 out of 30 issues making the index were trading lower. Pharmaceutical company Merch, Pfizer and manufacturer of construction machinery Caterpillar led gains, adding around 7% each.
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