Unofficial election results indicate that Hillary Clinton got 5 million fewer votes than Obama did eight years ago, the voter turnout in this election was lower than the previous two.
Investors are now waiting for further clarity on Trump’s policies, as well as corporate earnings, to decide whether growth and inflation will come through.
Healthcare stocks took a beating after Trump told Washington Post that he would target pharmaceutical companies over drug pricing.
The combined profit of S&P 500 companies is estimated to have risen 5.7 percent in the fourth quarter, largely helped by financial companies.
Analysts said a lack of clarity around Trump’s stimulus plans disappointed some investors who had hoped for more details on tax cuts.
S&P 500 companies’ earnings are estimated to have risen 5.8 percent in the fourth quarter, the best in three years, largely helped by financials stocks
S&P 500 companies overall are set to post their strongest quarterly growth in three years, with earnings estimated to have risen 5.8 percent in the fourth quarter.
Many investors and analysts say they expect volatility to pick up in the coming months. The S&P is trading at about 17 times expected earnings, compared to its 10-year average of 14.
The public and private sectors together added 156,000 jobs last month. Economists surveyed by The Wall Street Journal expected 183,000 jobs.
Consumer-discretionary companies were among the worst performers in the S&P 500 after retailers including Macy’s and Kohl’s warned of weak holiday results.
Investors assess whether stocks can continue to advance with valuations at high levels.