In the first market reaction to Joe Biden being projected as the next US president, US stock futures were up on Sunday.
Stocks ended mostly unchanged on Friday. The Dow slipped 67 points, or 0.2%. The S&P 500 and the Nasdaq were flat. "It's what happens in the Senate race that could determine the next move up or down," said chief market analyst at CMC Markets, Michael Hewson."If that looks as if it might change in the run-offs in January then you could see some weakness in certain parts of the stock market in the event the Democrats get their blue wave wish."
"What we need in the US right now is someone who can really control the outbreak of coronavirus. Investors are confident that Biden gives them this assurity," said Naeem Aslam, chief market analyst at AvaTrade.