The Dow Jones Industrial Average rose 262.95 points, or 0.9 per cent, to 29,420.92, the S&P 500 lost 4.97 points, or 0.14 per cent, to 3,545.53 and the Nasdaq Composite dropped 159.93 points to 11,553.86. ― Reuters pic
The Dow Jones Industrial Average rose 262.95 points, or 0.9 per cent, to 29,420.92, the S&P 500 lost 4.97 points, or 0.14 per cent, to 3,545.53 and the Nasdaq Composite dropped 159.93 points to 11,553.86. And the S&P's value stock index, which tends to outperform coming out of a recession, gained 1.3 per cent yesterday compared with a 1.15 decline for the less economically sensitive growth index.
But Leuthold's Paulsen said most market participants have priced in a Biden win and have been largely ignoring the Trump administration's election outcome complaints because they have not produced evidence of problems with votes.