Wall Street surges after Trump wins White House - News Summed Up

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Wall Street surges after Trump wins White House

US stocks rose sharply on Wednesday in a dramatic turnaround from deep overnight losses as Wall Street digested the upset presidential election victory of Republican Donald Trump. After warning for months that a Trump White House would create uncertainty and damage sentiment, investors poured money into sectors that may benefit from the former reality show star's victory. It makes a lot of demands but it doesn't know what it wants," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. Gains of 3 percent each in the heavily weighted healthcare and financials .SPSY sectors pushed the S&P 500 and Dow Jones industrial average up over 1 percent. "When you look at Trump's plans, they are actually pro-market," said Nadia Lovell, U.S. Equity Strategist at J.P. Morgan Private Bank in New York.

Source: Bueno Aires Herald November 09, 2016 14:54 UTC