Though Friday marked a day of lukewarm gains and losses across the three broader-market indexes, stocks still ended the week with their best post-election rally in at least a century as investors celebrated results that could keep the regulatory environment favorable for corporations. Teamsters Local 249 hall during a campaign stop in Pittsburgh in April 2019.The S&P 500 remained virtually flat on Friday, solidifying a 7.
Meanwhile, the Dow Jones Industrial Average—a measure of 30 stock market heavyweights like Goldman Sachs, McDonald’s, Microsoft and Disney—ticked down 0.2% on Friday to end the week and reversed last week's losses of 6%; the Dow's now down 1.5% this year. The tech-heavy Nasdaq , on the other hand, surged more than 9% this week–nearly reaching its September all-time highs as investors flooded growth and momentum stocks as fears of increased oversight of big-tech under a Democrat-controlled Congress subsided.
Despite the risks associated with contested election results and the impact of rising coronavirus cases on economic data, expect stocks to be higher at the end of the year, says Bell, adding that"November and December are typically the two best months for stocks, even in election years.
Stocks were also tepid abroad on Friday: The United Kingdom's FTSE 100 climbed less than 0.1%, France's CAC 40 was down less 0.5%, and Japan's Nikkei 225 ticked up 0.9%."It was a relatively boring day as an exhausted market limped into the weekend following huge gains Monday through Thursday," says Adam Crisafulli, the founder of Vital Knowledge Media.
Market only higher because of prospects of republicans keeping control of the senate and there being split government. Not because of Biden. But I'm sure you knew that already but still decided to make it seem as if it were because of Biden. Here comes the media fawning over him
False: big losses leading to election as media mania says Biden. Huge gains following Election Day when it looked red, end the week down after a blue ‘comeback’ the ddtg mentality (stonks only go up)won’t work under a democratic administration. Trump makes average investors good.
It was time to end the week, the more the media talks about Biden, the more the market wants to go down. How much is $gold?
ANYONE telling this is over is LYING. The fight has just begun. Don’ trump2020
fintwit_news The more the us dollar drops the more the stocks will go up.
octobadger1 KingslyFishao
Thanks to Joe Biden and the stability he brings to the nation-:))
fintwit_news Wallstreet is betting on Biden. winning
What can Biden do for Black people that two term Obama did not do Trump brought forces home and its well known poor black and white soldiers die more often
like we give a flying f*ck what the filthy rich white elites think
Oh I guess Trump was wrong (again) about a market crash if Biden was elected
I wish the AP would call Pennsylvania. The destroying of the suburbs is going to take a long time and the sooner we get started on it the better.
Republicans will be crying about the national debt that /Biden/ ran up. Under Trump and Republican control the national debt skyrocketed from 19T in 2016 to 27T today. (CARES 1 was only 2T).
But I thought if Biden won that we were told that the stock market was going to crash?
Trumps lawyers trying to explain how the election was rigged
Imagine being a bear 🐻 and not understanding markets will rise on any news at this point. Fuckin losers. Daddy JPow boutta print some more cause the USD will never fail
Sigh, they remember the Clinton administration/Obama administration they had their best return under Democrat administration.
This man fought for us and got all emotional as if he is an African. Much respect Me President Biden. During a bad time you remembered is in South Africa
Biden bump
As legendary investor stoolpresidente says, “STONKS ONLY GO UP!!!”
LINK 2 NOITE DE VIGÍLIA GLOBAL - 06/11/2020 - O TEMPO ACABOU O MESSIAS ESTÁ VINDO! GlobalHolyVigil
Is the marketing betting on a split Congress and nothing happening for next 4 years ?
Buy BTC i guess
No one will ever invest in this manipulated bull crap again
Trump right now..
'The Grace of JESUS is HOLY and it is meant to draw you closer to the Holiness of GOD. Ensure that your name is written in the LAMB’s Book of life by repenting from your sins and walking in absolute Holiness. GlobalHolyVigil
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