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The most important swing last night was in the constituency of Manhattan (South)

Comment: In the long term, events on Wall Street may turn out to be more important than what the UK election has thrown up

In a night of extraordinary drama, and in a morning of increasing uncertainty, the most significant event of the last 24 hours did not happen in any parliamentary seat in the UK.

Instead it was events on Wall Street, where a dramatic swing to the downside on the stock market sent the Dow Jones index plummeting - at one stage down nearly 1000 points - that tells us much more about what the prospects are for the days and months ahead.

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