Petroleum-linked shares were winners, along with airlines, retailers and infrastructure as investors anticipate gains for beaten-down sectors that have suffered during Covid-19. — Reuters pic
“I do believe there’s going to be a pretty strong recovery driven by stimulus infrastructure spending, now that you have a Democrat controlled government,” said Shawn Cruz of TD Ameritrade. “It will make it easier to get some of those probably larger stimulus bills through.” “This may dampen sentiment in the coming weeks, especially if corporate America raises concerns during fourth-quarter earnings season, which kicks off later this week.”
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