Stock futures took a plunge on Tuesday evening as the outcome of the 2016 presidential race became much less clear than previously expected. The Dow futures market cratered by 500 points during the first few hours of returns, CNBC reported. According to the financial network, “investors moved into bonds and stocks cratered” as traders began to wonder whether expected winner, Democratic nominee Hillary Clinton, could win the nationwide race—states like Florida and North Carolina proved tighter than previously estimated. Additionally, the Mexican peso fell sharply against the U.S. dollar as the race tightened.
— Steven Rattner (@SteveRattner) November 9, 2016