Entertainment Stock Drops After Donald Trump Win

donald_trump

U.S. stock markets opened slightly lower on Wednesday after Donald Trump’s surprise win in the presidential election had originally sent stock futures down sharply.

The broad-based S&P 500 index was as of 9:40 a.m. ET down 0.5 percent after looking to trend down 1.6 percent an hour before trading started as investors tried to digest the election outcome and its implications. The drop was less pronounced than earlier expected based on futures trading. Observers cited Trump’s victory speech, in which he vowed to unite the country, as one factor that may have somewhat reduced investors’ concerns.

Read more: www.billboard.com