Obamacare Future: Election Day and Late-Morning Trade

obamacare future: On Wednesday, the Dow Jones Industrial Average DJIA, 0.21% closed up 256 points to trade about 40-points shy of its all-time closing high, while the S&P 500 index SPX, -0.14% finished 1.1% higher, while the Nasdaq Composite Index COMP, 0.54% ended at 1.4%. On Thursday, stocks continued to forge a path higher, with the Dow hitting a fresh all-time record, though it is retreating somewhat in late-morning trade, according to Market Watch. Read How the stock market performs on, and after, Election Day Also read President Trump puts Obamacare future up in the air The initial reaction was decidedly negative, but short-lived. That is not how many had predicted this race for the Oval Office would play out, and in fact, polls indicated that Clinton would eke out a narrow victory. Dow futures YMZ6, -0.01%plunged nearly 800 points as the race turned in Trump favor late Tuesday and in the early hours of Wednesday. Indeed, the market actually fell when Trump was seen as gaining ground in the polls after the reopening of the Federal Bureau of Investigation probe into Clinton use of a private email server. Some market pundits had predicted that the S&P 500 would crash, shedding half its value. and that the dollar would get obliterated,in the event of a Trump victory. (news.financializer.com). As reported in the news.