It was a wild 24 hours for the markets as the United States voted Donald Trump into the White House. As he took the lead overnight the futures markets were down so much it triggered an emergency shut off for 5 minutes. By the morning however it seemed that investors had all but forgotten the decline and the markets opened only slightly lower. By the end of the day the Dow was up over 200 points which was a 1000 point reversal from the lows set the night before. The wild move sent stocks higher with all major indices closing in the green. The Dow 30 added 256, the S&P 500 added 23, and the Nasdaq 100 gained 57.
This unexpected win for Trump is likely to continue to cause market volatility as investors are unclear about his views on Wall Street. Tomorrow investors will continue to digest the election results along with a speech from a Federal reserve member in the morning.
Twitter (NASDAQ: TWTR) shares shot higher by 4.24% as the social media service had one of its busiest days on record. Stats show that at the highest point there were 27,000 election related tweets a minute. By 10 p.m. there were, 40 million posts that were sent about the election, topping the 31 million sent on Election Day in 2012. Investors cheered the popularity as shares hit their highest point in over a month.
GoPro (NASDAQ: GPRO) shares fell 4.14% today after the company announced it is recalling 2,500 Karma drones. According to the recall, some drones have reportedly lost power, causing them to fall out of the sky. GoPro is refunding customers in full and stopping shipments of the drone until the problem is fixed.