NEW YORK (dpa-AFX) – The US stock markets expanded their previous day’s profits on the day of the eagerly awaited US presidential election. The Dow Jones Industrial rose in early trading on Tuesday by 2.14 percent to 27,502.12 points, after gaining 1.6 percent at the start of the week. The market-wide S&P 500 gained 1.84 percent to 3371.27 points. The Nasdaq 100 advanced 1.71 percent to 11,274.22 points.
According to analyst Michael Hewson from trading house CMC Markets, a clear election result in the US would be the ideal scenario for the markets. Given the polls, that would be a so-called “blue wave” – that is, the conquest of the presidency and the Senate by the Democrats. Then investors could hope for measures to stimulate the economy and investment in the first half of 2021. Technology companies would then have to be prepared for more regulation of their businesses and higher taxes./edh/he
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