Stocks notch biggest weekly gain since April

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After stocks closed out their best week since April, analysts warn that an extended court battle with no clear winner in the presidential election could be a drag on stocks.

“Election Day is behind us, but corporate earnings can still improve with further stimulus, an end to COVID-19, and continued economic recovery,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note.

Joe Biden leads in vote counting for Tuesday’s U.S. presidential election, but President Donald Trump and his supporters are questioning the legitimacy of the totals with key states still counting ballots.Analysts warn that an extended court battle with no clear winner could increase uncertainty, which markets dislike, and drag down stocks.

The rally helped the 10-year Treasury yield claw back some of its recent slide. It had been above 0.90% earlier this week when expectations were rising that a Democratic sweep of Tuesday’s elections could open the door for a big stimulus effort for the economy.

 

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F R A U D

Here come the headlines and propaganda from the left. I predict the new found power they believe they posses can continue to influence America. We are going to call you out every time.

The fear of effects of a Biden presidency on the economy is already making people cash out their stocks.

Russian disinformation

GlobalHolyVigil THE LORD is not begging for Repentance from this generation; HE is commanding everyone everywhere to repent or else go to hell.

HA! It will just start the drag of the next two years - corporations fearful of hiked taxes and finding ways to have fewer workers due to wage expenses. We’ll turn it around with mid terms!

''''''analysts''''''

realDonaldTrump the stock market is celebrating you losing!! 🎉

I'm just curious to see them after the election.

Hopefully the socialists don’t ruin this recovery

The winner is clear to everybody, but the political grifter class. BidenWon

The winner will be clear. Biden

Hope the rich lose everything.

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