Dow soars more than 1,100 points as market rallies off Biden win, UnitedHealth pops 10%

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Stocks surged at the close after a tumultuous week on Wall Street. The Dow was up 1,173 points, and the S&P 500, Nasdaq, and Russell 2000 were all up more than 3% as well.

"Investors fear Bernie because he wants to cut off the head of capitalism by raising taxes significantly on the rich and using the funds to provide free everything to everybody else," said Ed Yardeni, president and chief investment strategist at Yardeni Research, in a note. "Getting everything for free trumps freedom, according to Bernie. No wonder investors are reacting to him as though he is going to infect us all with the virus of socialism.

"Stocks will be even more relieved at Warren's coming concession as they are at Biden's big showing," Ritholtz Wealth Management CEO Josh Brown tweeted. "Wall Streeters have always secretly been more afraid of her than anyone else given her domain expertise."

 

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FireRickSantelli

Stock buy backs must be happening then.

Guesss what? Markets are up at the prospect of JoeBiden winning and realDonaldTrump losing in November! SuperTuesday Primaries2020 DemocraticPrimary

More FED manipulation. They couldn't let it fall right after a rate cut. It might make them look foolish and they can't allow that.

Yep, I saw this coming. I stated it last week.

Market chaos and high risk.

BidenBump

Biden bump

Thanks Joe Biden! TrumpIsAnIdiot

Let the good times roll or another dead cat bounce? 🤔🧐

Craziest market ever

It'll be back down 1100 points tomorrow.

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