US Stocks Draw Biggest Inflow Since June on the Day of Trump Win

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 14 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 50%

Business News

Company News,Elections,Financials

A whopping $20 billion flowed into US equity funds on Wednesday, the day Donald Trump claimed a decisive victory in the presidential election, according to Bank of America Corp. strategists.

Portfolio manager James Callahan explains why the incoming U.S. administration is boosting investor prospects for deregulation and less strenuous M&As.

That was the biggest daily addition in five months, strategist Michael Hartnett said in a note citing EPFR Global. Small-cap stocks — which are seen benefiting from Trump’s protectionist stance — attracted the biggest inflow since March, at $3.8 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
Source: globeandmail - 🏆 5. / 92 Read more »

Trump Trade Threat Priced into European Stocks, Barclays SaysThe risk of potential trade tariffs resulting from a Donald Trump US election win has already been priced into shares of major European exporters, according to Barclays strategists.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Sell Stocks If a Trump Win Drives a Rally, Citi Strategists SayUS stocks may be rallying ahead of a potential victory for Donald Trump in next week’s US election, but for strategists at Citigroup Inc., a clean sweep for the Republican party will be a signal to sell.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Harris vs Trump: Stocks to watch as White House race enters final stretchA list of stocks and sectors that could move on the election outcome
Source: globeandmail - 🏆 5. / 92 Read more »