That would mean better earnings prospects for companies exposed to the world’s largest economy but also that the U.S. Federal Reserve might have to step in to further ease monetary conditions and support a pandemic-hit economy.
“In the end, we think the U.S. economy is still fairly fragile and growth’s slowing down,” Sherwood said. Analysts said the outlook might get tougher from here as investors focus on Biden’s ability to expand fiscal stimulus and measures to reduce the spread of COVID-19.
You sure stocks didn’t hit a record high on a potential vaccine that might allow the whole fuckimg world to get back to business.
Idiotic headline.
And here I thought the stock market was tied to the economy. Go figure.
just how much swamp land you trying to sell? Biden and positive markets wont ever be used in the same sentence.. but hey we all know what the worlds oldest profession now is...........
The stock market only hit a all time high because of the announcement of a successful China virus vaccine. If it was for China Biden it would have tanked. But you already knew that.
Along with the Nov 5 Guy Fawkes fireworks in the UK 'celebrating the Biden victory'...
You should fire your fact checkers. Obviously they know nothing on how the American election chooses a President. The Electoral College has not voted yet fools. STOP SPREADING FAKE NEWS.😡
How convenient, Trump said the vaccine was ready by end of the year and no one believed him, Pfizer comes out with this news after Biden is confirm the winner....Trump was tough on drug companies.... what a rotten country
Actually it's the vaccine not Biden...
FFS Trump was blasted for claiming a vaccine was weeks away.
Ya, Bidens the reason, not the vaccine...fake news
Trump's vaccine made the spike in the Dow. Not Biden. You buffoons.
It has absolutely nothing to do with Biden. Hacks.
the gushing of the left where they think everyone is stupid and will now hold hands and be friends .... does anyone even read this crap ...
🤣🤣😂😂🤣🤣😂
You’re dead to us. fakenews
Not much journalism here. The market is riding news on Pfizer. The gain of seats by Republicans last week, hamper the likelihood of many of Biden's tax reforms is what drive gains last week. Maybe get someone who understands the market to write these articles.
He hasn't won anything. Hopefully the corruption is exposed, him and Harris are tossed in prison and Trump continues his next term.
Bullshite.
Nothing to do with that vaccine announcement from Pfizer, huh?
The rest of the world hopes Biden will give America away as promised
Markets love divided government. The real reason they are rallying is the Republicans will hold the Senate.
LOL Democrats MSMDefcon101 🎈😜❄️🤡 MagicKIngdom
Record high today based on the announcement of a Covid vaccine 90% effective, timing seems a little suspect almost like it was not released prior to the election.
Courts will decide..Not media. cdnpoli
The electoral college will decide who the president elect is on December 14. You would think that in your bloated staff organizational chart, you would have an actual journalist in there somewhere.