(Reuters) – Republican Donald Trump stunned the world by defeating heavily favored Hillary Clinton in Tuesday’s presidential election, ending eight years of Democratic rule and sending the United States on a new, uncertain path.
A wealthy real-estate developer and former reality TV host, Trump rode a wave of anger toward Washington insiders to win the White House race against Clinton, the Democratic candidate whose gold-plated establishment resume includes stints as a first lady, U.S. senator and secretary of state.
Worried a Trump victory could cause economic and global uncertainty, investors were in full flight from risky assets such as stocks, and the U.S. dollar sank. In overnight trading, S&P 500 index futures fell 5 percent to hit their so-called limit down levels, indicating they would not be permitted to trade any lower until regular U.S. stock market hours on Wednesday.
The Associated Press and Fox News projected that Trump had collected just enough of the 270 state-by-state electoral votes needed to win a four-year term that starts on Jan. 20, taking battleground states where presidential elections are traditionally decided.
Trump, appearing with his family before cheering supporters in a New York hotel ballroom, said it was time to heal the divisions caused by the campaign and find common ground.
“It is time for us to come together as one united people,” Trump said. He praised Clinton for her service and said he had received a call from her to congratulate him on the win. “I will be president for all Americans.”