Wall Street Wonders What’s Next After Trump Jolts Markets
- Dow average sinks 370 points in worst day since September
- Gold rallies, volatility spikes as politics spills to markets
Zell, Richards, Barger, Hentemann, Gayeski on Trump
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For the first time, a Wall Street that’s been giddy over Donald Trump is starting to ask some hard questions.
From Day 1, markets have rallied, defying what many of the same Wall Street types said would be a disastrous election outcome. Since then, U.S. stocks have hit record after record, driving up shares of Goldman Sachs to JPMorgan Chase to Apple, as investors quickly focused on what his pro-business, tax-cutting agenda would mean for corporate profits.