Nasdaq, S&P halt trading as Trump closes in on White House

Nasdaq, S&P halt trading as Trump closes in on White House
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Nasdaq and Standard & Poor's 500 futures have halted overnight trading until Wednesday morning's open as United States stocks tumble amid Republican presidential nominee Donald TrumpDonald John TrumpFacebook releases audit on conservative bias claims Harry Reid: 'Decriminalizing border crossings is not something that should be at the top of the list' Recessions happen when presidents overlook key problems MORE's likely victory, according to CNBC.

Stocks cratered Tuesday evening and into early Wednesday morning as Trump closed in on the presidency. 


Dow Jones futures sank more than 800 points in overnight trading shortly after midnight. Standard & Poor’s 500 index futures and Nasdaq futures also fell 5 percent before trading was halted.

The Mexican peso, which has risen and fallen with Clinton’s perceived chances of winning, fell to 20.69 per dollar.

That’s its steepest drop in 20 years and its lowest level since Nov. 4, before FBI Director James Comey reaffirmed that Clinton wouldn’t face charges for her use of a private email server while secretary of State and whether she mishandled classified information.

Stocks rose throughout Tuesday, reflecting investor confidence in Clinton’s chances. The Dow Jones Industrial Average spiked 130 points by midday, while the peso boasted a two-month high at 18.5 per dollar.

Updated at 12:20 a.m.