NEW YORK (dpa-AFX) – The joy of the now clear conditions in Washington fueled the record rally on Wall Street. All major standard and technology indices reached highs on Thursday. A fresh boost came from unexpectedly good economic data. In contrast to the previous day, however, investors now mainly bought tech stocks, which could particularly benefit from the expected economic recovery. In the middle of the week, investors had avoided these values for fear of stricter regulations.
The US leading index Dow Jones Industrial (Dow Jones 30 Industrial) rose by 0.69 percent to 31,041.13 points after reaching a record high of a good 31,193 points in the course of trading. For the market-wide S&P 500 it went up 1.48 percent to 3803.79 points. The technology-heavy NASDAQ 100 soared 2.51 percent to 12,939.57 points.
Now that the US Democrats have also won Senate sovereignty, President-elect Joe Biden could now more easily implement and govern his political agenda, which should provide for even more extensive economic aid with high investments in infrastructure.
In addition, the two chambers of congress officially certified Biden’s victory in the presidential election after angry Trump supporters had temporarily thrown the political center of the USA into unprecedented chaos with the storming of the Capitol. With the confirmation of the Biden election victory and the orderly handover of power announced by Donald Trump, observers say that uncertainty is now disappearing from the markets. / La / he
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