Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

Steelrolled

(2,022 posts) Wed Nov 4, 2020, 12:32 PM Nov 2020

2

US stocks rise sharply as election results keep trickling in [View all]

Source: CNN

The stock market rally is still in full swing at midday. The Dow has now gained more than 700 points, or 2.7%. Phew.

The S&P 500 is up 3.2%, and the Nasdaq is still leading gains with 4.3%.

Experts' views are divided about why the market is shooting higher. Part of it might be that a delayed election outcome was already priced in, as well as continued odds in favor of a Joe Biden win in the betting markets.

Read more: https://www.cnn.com/business/live-news/stock-market-news-110420/index.html

After all that expert talk that the market abhors uncertainty.

9 replies

= new reply since forum marked as read

Highlight:

US stocks rise sharply as election results keep trickling in [View all] Steelrolled Nov 2020 OP

Trump's masters know the fix is in Miguelito Loveless Nov 2020 #1

it's not uncertainty. It's that they know with Repubs in charge of the senate, there will be no new Calista241 Nov 2020 #2

Yep not fooled Nov 2020 #5

Color me stupid but I think it's because Biden is going to win and our economy Maraya1969 Nov 2020 #3

My advisor says this morning there was uncertainty but this afternoon GumboYaYa Nov 2020 #4

My sense is L.Pharmstrong Nov 2020 #6

Yeah, this might be the most significant point. Steelrolled Nov 2020 #7

Yup, Wall Street loves divided and deadlocked government /nt progree Nov 2020 #9

My theory - Wall Street loves a deadlocked govt: Dem pres, Repub Senate progree Nov 2020 #8

Latest Discussions»Latest Breaking News»US stocks rise sharply as...