By Jeddy Johnson SYRACUSE, N.Y. (NCC News) — Last night the stock markets panicked when it became clear that Donald Trump would be the president-elect of the United States. At one point, Dow futures fell nearly 900 points, but a sense of calm returned by early Wednesday morning when the Dow gained 200 points.
According to CNN, the panic was due to wall streets belief that Hilary Clinton would become the president elect. After the FBI cleared Clinton of her email related charges, the Dow went up nearly 400 points proving that Wall Street was with her.
“If [Hilary] did win, I don’t think we would have seen a lot of volatility in the stock market because she was a less risky candidate,” a finance professor at Syracuse University, Anna Chernobai said. “There was less uncertainty about what would happened next in the U.S. economy. Things wouldn’t have changed much from what they use to be before. But with Trump, there is a lot of unclarity, uncertainty, and risk. And high risk translates into high volatility.”
Though the market has recovered, the global market is still on edge. The Japanese finance officials held emergency talks following the results of the elections and the Mexican peso plummeted more than 11 percent making it the all-time against the U.S. dollar.