MASON CITY, Iowa- When it became apparent Donald Trump was winning the presidential election, the stock market took a turn.
Raymond James and Associates investments senior vice-president Casey Martin said the Dow futures were down over 800 points Tuesday night. Numbers for gun manufacturers and health companies went down, but defense contractor stocks were up.
Martin said the Dow went back up Wednesday morning, and has continued to rebound throughout the day.
“Things we’re looking at, we saw the Dow up, gold [stocks] up a little bit, interest rates came up a little bit, which is unusual. The 10 year treasury bond is approaching two percent,” said Martin.” That might be a good thing, signaling more growth coming up. Maybe Donald Trumps policies are more pro-business, that’s a good thing.”