The stock market has rendered an early verdict on the prospect of a Donald Trump victory – and it’s negative.
Dow futures had sunk 833 points, or 4.6 percent, in pre-market trading as of 9:38 p.m. Pacific time Tuesday, as unexpectedly strong Republican showings in battleground states gave the GOP contender a real shot at winning the White House.
The S&P 500 suffered a 5 percent drop, down more than 100 points, while NASDAQ slipped more than 5 percent, to 4558.
The global reaction was even less favorable. The Mexican peso tanked by more than 10% on currency exchanges, trading at an all-time low. Trump made illegal immigration a centerpiece of his White House run and vowed to make Mexico pay for a wall on the U.S.-Mexico border.
Asian indexes, meanwhile, began to absorb the U.S. election news as their Wednesday trading day began. Major indexes sank by more than 2%; Hong Kong’s Hang Seng was down by more than 3%. Trump has attacked China repeatedly over its trade and currency policies and promised better trade deals for America.
Markets can have very short memories about vote results, though.
Earlier this year, the surprise Brexit vote – which began the process of Great Britain leaving the European Union – sent the British pound to 30-year lows. But the markets have since rebounded.
5 Hollywood Stars Who Dumped Donald Trump (Photos)
Donald Trump has his share of Hollywood supporters, but he's also lost a few over this nasty election campaign. Here are five celebrities who don't support Trump anymore.
But later, Cuban cared a lot about Trump saying the wrong thing. He endorsed Hillary Clinton and was so annoyed by Trump's lack of specifics that he offered him $10 million to answer detailed questions about economic policy. He also joined Clinton as a debate guest (pictured).
KIRSTIE ALLEY
The former "Cheers" star stood by Trump in September 2015 after watching a CBS News interview in which she felt that Scott Pelley treated the candidate unfairly. "Pelley acting like an antagonist asshat.I like Trump..fire at will," she told her followers.
She changed her mind around the time of Trump's leaked "Access Hollywood" talk with Billy Bush, in which he boasted bout groping and kissing women without their consent.
"I hate this election and I'm officially no longer endorsing either candidate," she tweeted last month.
AZEALIA BANKS The rapper stunned fans when she came out in support of Trump in February, tweeting: "Ok so, I think I'm ready to admit that I'm going to vote for Donald Trump."
After his "Access Hollywood" leak, Banks changed her tune.
"I made a major mistake endorsing toupey-toupee. Womens rights are important and we must protect them," she wrote.
AARON CARTER “Does America want to have a president who FOLLOWS or someone who leads? I vote For @realdonaldtrump,” he tweeted in February.
In April, he changed his mind and said he would not vote for Trump, for "too many reasons."
JESSE 'THE BODY' VENTURA In August 2015, the former Minnesota governor and "Predator" star said he hoped Trump would win the Republican nomination and joked about Trump considering him as a running mate.
"I shocked my staff today ... I said, 'You know what? As far as the Republicans are concerned, I hope Trump wins on the Republican side." -Jesse Ventura
Ventura isn't a Trump flip-flopper, because he's been upfront all along about the fact that he's an independent who doesn't want the Republican or Democrat to win in the general election. He supports Libertarian candidate Gary Johnson.
Here are some former Donald Trump supporters who won’t be voting for him today
Donald Trump has his share of Hollywood supporters, but he's also lost a few over this nasty election campaign. Here are five celebrities who don't support Trump anymore.
