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Foreign stock markets are rising at market open, with the Dow rising 0.5 percent and the S&P 500 0.8 percent, while the Nasdaq started the day 1.2 percent higher after. of falling yesterday.
UPDATE: Half an hour after the market opens the three indices rose to a new peakIt is up 1.4 percent on the S&P 500, 2.1 percent on the Nasdaq, and the Dow is up 0.7 percent now.
The main driver of the market movements is the election of the Senate in the United States, which is likely to be won by the Democrats, thus putting Congress under their control, with the result that the increase proposed by Biden will be more likely to be accepted in the corporate tax burden. The mood can be seriously positively affected by outgoing President Donald Trump’s willingness to hand over power, albeit in a way that can no longer be described as peaceful. The public mood could also be improved by the fact that, contrary to expectations, the number of people claiming unemployment benefits in the United States declined last week.
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