The results are in: The stock market likes Joe Biden

[Yo_Mama_Been_Loggin]

In the first market reaction to Joe Biden being projected as the next US president, US stock futures were up on Sunday.

Dow futures were up 287 points, or about 1%. S&P 500 futures were up around 1% and Nasdaq futures were up 1.3%.

Stocks ended mostly unchanged on Friday. The Dow slipped 67 points, or 0.2%. The S&P 500 and the Nasdaq were flat.

Wall Street has been betting on Joe Biden to win the White House and for Republicans to take the Senate for the last week as the results of the election come into sharper focus. Such an outcome would allow for more modest policies on taxing and regulations. But the fight for Senate control is still in limbo, with likely Senate runoff elections in Georgia.

https://www.msn.com/en-us/news/politics/the-results-are-in-the-stock-market-likes-joe-biden/ar-BB1aOJ0C?li=BB141NW3&ocid=DELLDHP

[Bleacher Creature]

1. We should start calling it the Biden Boom, just to torture Trump. NT

[Shermann]

5. I like that, if it holds up

That could be tough with the pandemic in full exponential growth mode.

[Hoyt]

2. That positive reaction has been going on for several weeks.

[BadGimp]

3. CNBC Premarkets link

https://www.cnbc.com/pre-markets/

[jimlup]

4. The market is a leading indicator

They factored the Bidden-Harris win in weeks ago. You're right though, and I think that part of their glee is because the Refuck monsters held the Senate which means that nothing significant will be passed so no real new stuff coming down. They didn't have this built in.

The place where they are weak is when they try to understand science. They missed the pandemic which was obvious in March. I think they are still underestimating the current surge so I think there is still a bit of a fall coming. If they were rational that would be factored in and Biden's victory would assauge this but the market isn't rational on any thing but raw capitalism. They are blind beyond that.