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Today's S&P 500 Reversal Is the Biggest Since 2008 Crisis: Chart

Bloomberg business news

How Did Investors Hedge Ahead of the Election?

You need to go all the way back to the dark days of 2008 to find a stock market reversal to rival that of the last 12 hours, in which S&P 500 Index futures erased a 5 percent loss triggered by Donald Trump’s surprise presidential election win. Bigger turnarounds only happened three times before, twice in the final months of 2008 and the other in October 1987, data compiled by Bloomberg show. Stocks turned higher on Wednesday as speculation the Republican will pursue business-friendly policies offset some of the broader uncertainty surrounding his ascent.