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Jakarta, CNBC Indonesia – Futures contracts (futuresThe stock index of the United States (USA) on Tuesday (11/24/2020) rose in price, after the administration of US President Donald Trump gave the green light for the transition to the administration of Joe Biden.
Contract futures The Dow Jones Industrial Average rose 319 points or 1.1%, indicating that the benchmark index of 30 leading stocks will gain 330 points. Similar contracts for the S&P 500 and Nasdaq index increased 0.8% and 0.4%, respectively.
The surge in the U.S. stock index futures market came after Public Service Chief Emily Murphy told President-elect Joe Biden that the Trump administration is providing the necessary resources for the transition in the White House.
Murphy declared the decision to follow up on Biden’s victory weeks after the November 3 presidential (pilpres) election. US President Donald Trump admitted in a tweet that he approved the measure even though he was still “fighting.”
Biden’s decision to appoint former Fed chair Janet Yellen to become finance minister also boosted positive sentiment among investors. If approved by the Senate, Yellen will become the first woman to hold the position in the United States.
“I think this is a strong sign that Biden will focus on rebuilding the economy rather than pushing for aggressive regulation … Yellen will be an effective voice for additional fiscal support,” said Ed Mills analyst Raymond James, as reported. appointment. CNBC International.
On Monday, the Dow Jones index rose more than 300 points, while the S&P 500 index gained 0.6% and the Nasdaq only 0.2%. The Russell 2000 Small Cap Stock Index rose 1.9%.
Investors welcomed the good news from AstraZeneca, which stated that the average efficacy of the vaccine reached 70%. This news is the positive result of the development of the Pfizer-BioNTech and Moderna vaccines.
The Covid-19 data is also still being seen. CNBC’s analysis report indicated that the daily average of new Covid-19 infections in the US on Thursday set a new record daily average of 170,855 in the past week.
CNBC INDONESIA RESEARCH TEAM
[Gambas:Video CNBC]
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