Dow futures plunge nearly 750 points as investors warily eye electoral map

Supporters of Republican presidential nominee Donald Trump gather outside Trump Tower.

Markets are not handling Election Night well.

Futures for the Dow Jones Industrial Average plunged nearly 750 points before modestly paring losses as Republican presidential nominee Donald Trump’s lead in the Electoral College over Democratic rival Hillary Clinton widened.

Dow futures YMZ6, -3.53%  were off 700 points, or 3.9%, at 17,574. The U.S. dollarUSDJPY, -3.31%  slumped 3.2% to ¥101.64. The ICE U.S. Dollar index, a measure of the dollar’s strength against a basket of six rivals, was off 1.2% at 96.68.

In Asia, stocks opened sharply lower, with Hong Kong’s Hang Seng index HSI, -2.95% down 607 points, or 2.7%, at 22,299. The Nikkei 225 NIK, -4.75%  slid 783 points, or 4.5%, at 16,387. Australia’s all-ordinaries index XAO, -2.46% was off 143 points, or 2.7%, at 5,198.

See: Live results show Trump on a roll across battleground states

Meanwhile, the Mexican peso USDMXN, +11.6037% plunged more than 11% to a new record low at 20.30 pesos to the dollar.

“It seems like two days ago markets were convinced that Hillary Clinton won the election. She had been leading in polls. We are seeing repricing in everything: stock futures, oil, currencies as markets are pricing in new risk,” said J.J. Kinahan, chief strategist at TD Ameritrade. “Unless we see some big states like Florida, Pennsylvania and Ohio voting for Hillary, we will continue to see the selloff.”

Gold GCZ6, +3.46%  was up 3.6% at $1,320, while Treasury yieldsTMUBMUSD10Y, -6.60%  had fallen 11 basis points at 1.739%.

West Texas Intermediate crude oil WTCLF7, -3.31%  was off 4.4% at $43.14 a barrel.



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Cherry May Timbol – Independent Reporter
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Why do CO2 lag behind temperature?

71% of the earth is covered by ocean, water is a 1000 times denser than air and the mass of the oceans are 360 times that of the atmosphere, small temperature changes in the oceans doesn’t only modulate air temperature, but it also affect the CO2 level according to Henry’s Law.

The reason it is called “Law” is because it has been “proven”!

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That means, the graph proves CO2 do not control temperature, that again proves (Man Made) Global Warming, now called “Climate Change” due to lack of … Warming is – again – debunked!