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Nov. 5, 2020 5:55 am
"US stocks surged again in what's shaping up to be the market's best week in months. States are still counting election votes, but Wall Street is growing increasingly confident – and excited – the result will be a divided government.
Investors are hoping Joe Biden will take the White House while Republicans will keep the Senate, and that such as combination will lead to more moderate policies including a quick stimulus deal but limited tax increases.
All three indexes rallied at the opening bell in New York on Thursday. The Dow jumped 1.3%, or some 360 points, while the S&P opened up 1.6%. The Nasdaq rallied 1.9%"
