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Market Turmoil Eases At Opening

Market Turmoil Eases At OpeningThe markets opened Wednesday morning to minimal losses, after Dow futures nosedived Tuesday night amid Donald Trump’s unexpected victory over Hillary Clinton in the U.S. presidential election. The Dow Jones was down 25.55 points, or 0.14 percent, and the S&P 500 was down 10.84 points, or 0.51 percent. The Guardian reported the rally is being led by share in “steel producers, defense firms, and pharmaceuticals firms.” Just nine hours ago, the Dow futures were down 800 points. James Athey, a fixed income fund manager, told CNBC the “increased prospect of tax cuts and generally pro-growth set of policies” from Trump has ” seen some of this initial reaction begin to reverse.”

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