9.8 C
New York
Saturday, November 28, 2020

The Stock Markets Seem To Like Biden

New York, November 9: The US stock markets on Sunday jumped higher by a few points as investors got an opportunity to respond to forecasts of a Joe Biden victory at the presidential elections. The three major indices surged by a few points. Dow Futures (INDU) shot up to 349 points or 1.2 points, S&P 500 (SPX) futures went up by 1.5% and Nasdaq was up by 2.1%. 

Election Effect on Market

The surge in the indices emerged after markets remained mostly unchanged on Friday. While the Dow slithered 67 points or 0.2%, the S&P 500 and Nasdaq were just flat. Wall Street was already pining in for a Biden’s win. As the elections seemed to pitch in the favour of the Democrats throughout the past week. However, it is favourable that investors are now able to act in a certain manner and make thoughtful decisions. 

Just like the presidential elections, markets have been somewhat full of surprises. In spite of uncertainties surrounding the White House race and elevated coronavirus cases globally, market sentiments were positive and stocks closed the week on a higher note. 

Scenario After Election Stock Market

Interestingly, most of Wall Street had been expecting Biden to enter the White House. Hence paving the way for a generous stimulus that would help in an economic revival in a post-pandemic era. 

While the markets now have a new narrative to weave industry, experts believe that a Democrat President, who prefers not to control the Senate will less belligerent towards the trade. But this might limit when it comes to defining the country’s fiscal policy. This implies that the Federal Reserve will have a more significant role, implying lower rates for a longer span of time. 

Investors and industry experts are betting that the corporate and the personal will not shoot up at least till next year. And the central bank might choose to keep lower interest rates yet again for a longer period. The circumstance hereby adhering stocks to receive a shot in the arm.

Kiara Dutta
Kiara Dutta comes from an Engineering background, with a specialization in Information Technology. She has a keen interest and expertise in Web Development, Data Analytics, and Research. She trusts in the process of growth through knowledge and hard work.

Latest news

How to Download from YouTube to MP4

Today’s generation is a lot dependent on YouTube as a source of entertainment. It is an obvious fact that people would want to download...

Thanksgiving Recipes – Express Thanks and Gratitude on a Platter

Thanksgiving is the perfect time and day to express your gratitude by preparing favorite dishes for your guests or your loved ones at home....

Best Firefox Themes Add-ons

There are several themes available in firefox for free to enhance and customize the browser's look. It is very easy to install these themes...

Best Firefox Extension for Students

One of the reasons for people using firefox is the number of extensions it offers. There are more than 1500 extensions available in firefox...

Best Firefox Extensions in 2020

The Firefox browser is known for its dedication to safeguarding user's privacy. This web browser is also famous for having the best firefox extensions....

Confused about What to Make this Thanksgiving? – Easy Vegan Recipe

No vegan thanksgiving recipe box is complete without a good lentil loaf – especially around the holidays. It’s the perfect savory meal with lentils,...

Why are Bears Fat? Answers to your Questions

We all have seen bears and are aware about their food consumption amount before they start hibernating. We always had questions like why are...

Read Also

Racism Deemed As A ‘Public Health Threat’ – AMA

.Even as the coronavirus continues to surge in the United States (US), the nation’s largest association of medical practitioners and public health care have...

Treasuries Jump As Bulls Run Wild At Wall Street

The markets witnessed a bulls run just ahead of the US elections following last week’s rout at Wall Street. The shift happened due to...

Hertz Launches Program Encouraging Citizens to Go and Vote Safely

New York, November 1: American service providers are all set to encourage citizens to go to the polls and exercise their voting rights as the...

Post a Record GDP Growth, US Braces Up For a Grave Slowdown

October 30, New York: The US Economy recovered the huge loss much during the summers, expanding at a rapid rate in the third quarter,...
- Advertisement -


Please enter your comment!
Please enter your name here