Stocks Post Best Week Since April Despite Tumultuous And Unresolved Election

The Wall Street sign is shown framed by the American flag hanging on the New York Stock Exchange, on Sept. 21, 2020. Stocks posted their best weekly gain since April despite an uncertain election.The Wall Street sign is shown framed by the American flag hanging on the New York Stock Exchange, on Sept. 21, 2020. Stocks posted their best weekly gain since April despite an uncertain election.

While the major stock indexes mostly finished a bit lower Friday, the drop wasn't enough to offset four days of strong gains. The S&P 500 surged 7.3% for the week, while the Dow Jones Industrial Average rose about 1,800 points, an increase of 6.9%. While former Vice President Joseph Biden is leading in the presidential race, the election fell short of the landslide Democrats had hoped for as prospects of retaking the Senate faded. Democrats retained control of the House of Representatives.The potentially split decision by the electorate could mean at least two more years of divided government, a prospect that investors would welcome given that it could make it more difficult for Democrats to pass their economic agenda.

Democrats have campaigned on issues such as increased regulation or higher taxes for the wealthy, measures that are typically unpopular in Wall Street. "If Republicans do maintain control of the Senate, the likelihood of major tax hikes decreases at least until after the 2022 midterm election," said Jim Baird, chief investment officer at Plante Moran Financial Advisors.

dandakich You understand it’s bc Biden was projected to win and that means more likelihood of a stimulus for people and businesses right?

Cause they know Biden coming back

It’s all downhill from here

Their business is information. To them, as to us, Biden is the winner. This is obvious. Stop the hedging your bets on this. Look at the math instead.

No it's because Biden won

Markets love Joe

Not unresolved

NARRATOR: For anyone making $50k a year or less, there was no 'surge'.

It’s not unresolved. Biden won.

Because it’s not “unresolved”.

It's not unresolved. The election was called for Biden yesterday morning, and markets are celebrating.

The markets love it when the federal government is not getting anything done. Yes.

Thanks Biden

CrimespreeJon Who tf cares

A good jobs report came out after a betterbthen expected gdp growth... so there's that...

Political speeches about coming together overlook wage wealth discrepancies quality of life nightmare work schedules that dont have to be that way with a small adjustment.

Excited about Biden plus republican senate

Only unresolved in media's mind. Everyone else knows Biden is president elect

yoavmagid called it

Signs that trump is not winning

Stonks love president elect Biden!!

Glad to see you are finally paying attention to stock market gains. Took a while.

the Biden/Harris factor

Yes

Canada Canada Latest News, Canada Canada Headlines

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

Stocks are on track for their best week since April as vote count wears onUS stocks surged again in what's shaping up to be the market's best week in months. States are still counting election votes, but Wall Street is growing increasingly confident -- and excited -- the result will be a divided government. Did somebody say STONKS? Anticipation of trump’s departure!!!! Everyone is getting excited about trump losing.
Source: CNN - 🏆 4. / 95 Read more »

European stocks head for best week since November as investors wait for U.S. jobs dataEuropean equities moved mostly higher on Friday, after a batch of upbeat earnings, while U.S. stock futures inched up ahead of key jobs data. Marketwatch got the 'picture ' of bridge cranes at a shipping port unloading freight cargo boxes from China. Its going to be a long wait for a $ 15.00 minimum wage job in the U.S.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks End Week With Biggest Post-Election Day Rally In Over A CenturyStocks ended the week with the biggest post-Election Day rally in over a century 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
Source: Forbes - 🏆 394. / 53 Read more »

Stocks End Week With Biggest Post-Election Day Rally In Over A CenturyThe rally helped to reverse losses from the worst week for stocks since March. '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 No one will ever invest in this manipulated bull crap again Trump right now..
Source: Forbes - 🏆 394. / 53 Read more »

Buy these stocks to ride the best GDP growth in 40 years, Jefferies saysThe Wall Street firm's chief economist Aneta Markowska sees economic growth that significantly outpace the consensus forecast for the next two years. Pro I'll go ahead and trust reddit and Stocktwits more. They average better long term returns and aren't corrupt Pro Appreciation they say is an application for more, if i fail to acknowledge you Fxlisama001 it will show how ungrateful i am. i can't be less grateful to a woman God has used in blessing me and my family in general Fxlisama001 she is 100% legitimate and reliable. Pro Stop posting shit to trap people to sign for a paid service, advertising that way is very 1980s and in very poor taste, we won’t sign only on principle.
Source: CNBC - 🏆 12. / 72 Read more »