- Title: U.S. stocks slide as Trump wins U.S. presidential election
- Date: 9th November 2016
- Summary: NEW YORK, NEW YORK, UNITED STATES (NOVEMBER 9, 2016) (REUTERS) VARIOUS OF WALL STREET (SOUNDBITE) (English) MERIDIAN EQUITY PARTNERS INC., SENIOR MANAGING PARTNER, JONATHAN D. CORPINA, SAYING: "I think the mood that we're seeing today is a lot of uncertainty, and the market does not like uncertainty. When approaching this election, there was many traders that priced in a Clinton victory, and when we got the results overnight, we clearly saw the global markets react negatively to President Trump's election to be president of the United States." VARIOUS OF PEOPLE ON WALL STREET (SOUNDBITE) (English) MERIDIAN EQUITY PARTNERS INC., SENIOR MANAGING PARTNER, JONATHAN D. CORPINA, SAYING: "I don't think we're going to have significant sell-off. We have to take a step back and look at where the markets have been and where we've come to. There is always going to be pullbacks in our markets, whether it's a political headline, whether it's an economical headline, whether it's a global headline. So, the pullback that we're currently seeing right now was expected if Trump was going to get elected, but it's not a significant pullback just yet. We had a run up in the markets two days ago, we were up 2 percent, so this is pretty much just wiping out those 2 percent that we gained two sessions ago. If we continue to see the continual pressure on the market, then I'd be concerned, but at this early stage right now I think this is just the healthy movements of our markets." PEOPLE ON WALL STREET (SOUNDBITE) (English) MERIDIAN EQUITY PARTNERS INC., SENIOR MANAGING PARTNER, JONATHAN D. CORPINA, SAYING: "I kind of felt all along that we weren't going to see interest rate hike till 2017 just because of both factors. One, if Mr. Trump was elected president, it would have been a little bit of a shock, and if Ms. Clinton was elected president the Fed would want some time to see what her policies are going to be moving forward to really institute anything. So I do think that the Fed somewhat is welcoming this pause because they're not ready to raise rates. They've had opportunities before in the past, they never acted on it, so at this point I think it's gonna be a 2017 event." PEOPLE ON WALL STREET (SOUNDBITE) (English) NEW YORK CITY RESIDENT, CARLOS JESUS CALZADILLA, SAYING: "It was surreal. I thought that Hillary Clinton would somehow win. I just thought cause Hillary Clinton has the support of Wall Street, has support of the media, and the political establishment. She had all this for her, and still she couldn't win. It was surreal. I'm starting to get to grasp it." FEDERAL HALL NATIONAL MEMORIAL STATUE OF GEORGE WASHINGTON IN FRONT OF THE FEDERAL HALL NATIONAL MEMORIAL (SOUNDBITE) (English) NEW YORK CITY RESIDENT, ANGELA BERRY, SAYING: "I made sure that I didn't look at anything before I went to bed because I wanted to sleep. And I was very disappointed. But then I turned around and I said, 'God, you're in control. You're in control of whoever is in charge of the White House.' Just like he has been for 2000 years. That's my opinion, honestly." PEOPLE ON WALL STREET (SOUNDBITE) (English) NEW YORK CITY RESIDENT, ROBERT ROCCO, SAYING: "Quite frankly, I was not really in favor of Trump, but now, that I've heard his speech, after he won, I'm kind of very eager to see what he can do. I think that he will be much different as a president than what we heard during the various processes that we've gone through here." NEW YORK STOCK EXCHANGE BUILDING
- Embargoed: 24th November 2016 14:49
- Keywords: Donald Trump Hillary Clinton presidency president elections vote stocks indices Jonathan Corpina Meridian
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA00157Q5LXJ
- Aspect Ratio: 16:9
- Story Text: U.S. stocks opened lower on Wednesday (November 9) after Republican Donald Trump was elected 45th U.S. president, defeating heavily favored Democrat Hillary Clinton.
The Dow Jones industrial average was down 25.55 points, or 0.14 percent, at 18,307.19, the S&P 500 was down 10.84 points, or 0.51 percent, at 2,128.72 and the Nasdaq composite was down 41.65 points, or 0.8 percent, at 5,151.84. - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2016. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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