Stocks End Week With Biggest Post-Election Day Rally In Over A Century

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Stocks ended the week with the biggest post-Election Day rally in over a century

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.

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.

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Not on Biden’s watch

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Biden Le futur roi 🤴 de la Maison Blanche

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Good news for the markets.Sign that U.S economy will rebounce. An open president attracts the best of markets. These why Obama did so well building a 10 year economic idea. Biden was there too. So why won't Biden continue the greatest works on the economy. It's gonna be good.

Because the Republicans held the Senate. If that changes, look 👀 out.

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Do you want us to associate the rising stock market with JoeBiden ? Nice trick.

bUt BiDeN wIlL kIlL tHe EcOnOmY

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Traders are excited for the sequel to another Obama boom. Go, Joe!

Forecasts projections ....what we know and dont know eligible state voters number of requested mail in ballots number of mail ins returned election day tallies Media make it sounded like one big ? Not so

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How much is the gamble of Biden-Trump yet? What is your commission about this gamble, ?

Hey, why can't he get his own preoccupation? Copy cat.

Quién va a respetar un violador que se roba el voto en EEUU?

Lol you think it was because of Biden Nope it’s because of GOP held senate keeping Biden in check

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