world economy
Written by: Li Fuyuan
2020-11-04 06:03
Last update date: 2020-11-04 06:04
On the US election day, the New York stock market rose for two consecutive trading days, with the three major indexes rising about 2%.
Under the severe epidemic situation and economic pressure, investors have considered the various possible outcomes of the general election. The market expects that the election results will become clear as soon as possible to avoid uncertain or controversial situations.
The Dow Jones Industrial Average regained 27,000 points as soon as the market opened, hit 27640 points throughout the day, and closed at 27480.03 points, up 554.98 points or 2.06%; the Nasdaq index rose 202.96 points or 1.85% to close at 11160.57 points; the S&P 500 index closed at 11160.57 points. 3369.16 points, a surge of 1.78% or 58.92 points.
Ant Group (6688) announced the suspension of the listing of "A+H", which dragged down Alibaba's (US: BABA) share price once fell nearly 10%, and closed 8.13% to US$285.57.
Art Hogan, chief market strategist at National Securities, said that for the market, no matter who wins the election, it is better to have a clear winner. "If we wake up tomorrow and find that there is no clear winner, the market will not be surprised. But if we are still talking about this by the middle of next week, and there are legal proceedings and recounts, it will be the worst."
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