Major stock indexes continued their bullish recovery week on Wednesday despite the ongoing uncertainty around who won Tuesday's presidential election; here are the stocks and sectors that are booming on the prospects of a Biden victory and a Republican-controlled Senate.... [+]The Dow Jones Industrial Average closed Wednesday up about 370 points, or 1.4%, while the S&P 500 added more than 2%, and the tech-heavy Nasdaq jumped nearly 4%.
In spite of the broader market rally, the S&P 500 Financials Index shed nearly 1% on Wednesday, as regional bank stocks like Huntington Bancshares tanked as much 10%, while giants like Goldman and JPMorgan were roughly flat and down about 3%, respectively. Solar stocks, which have been outperforming the market this year, also plummeted on Wednesday, with shares of SunPower and SunRun falling about 2% each, while First Solar sank nearly 9%.
Meanwhile, the Russell 2000 edged down 0.2% on Wednesday–an expectedly lackluster showing for a measure of small-cap stock performance that's been leaning on the prospects of small-business aid under a Democratic sweep, UBS noted over the weekend.Wall Street experts predicted a blue wave for months, as polls increasingly pointed to waning support for President Trump. The outcome wasto hurt industries like big pharma and private insurers but benefit homebuilders and clean-energy providers.
There’s No Election Clarity But The Stock Market Isn’t Panicking, Here’s What Investors Are Predicting
MICHIGAN IS RED AND BIDEN WIN? MANIPULATION OF BIDEN
Honestly who gives a F at this moment?
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