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Its top index, “Dow Jones Industrial”, rose 0.91%, the technology stock index “Nasdaq” 2.59%, as well as the “Standard & Poor’s 500” index, which includes the 500 largest companies. on Wall Street, 1.58%.
“The market has clearly supported Biden by selling shares in the technology sector and buying shares in institutions that will benefit from a comprehensive plan to support the economy,” said Gregory Volokhin of “Myssart Financial Services.” “The balance is returning now, as Biden’s victory is no longer certain,” he added.
Globally, stock exchanges eagerly await the first results of the US presidential election on Wednesday, with competition intensifying between President Donald Trump and his Democratic rival, Joe Biden.
The European stock markets in general rose again an hour after the start of the listing in them with a significant decline, registering an increase of 0.27% in Paris and 0.05% in London, while Frankfurt lost 0.45 % and Milan 0.98%.
In Asia, the Nikkei index of the Tokyo Stock Exchange closed with a significant increase of 1.72%, although it registered a slight decrease at the end of the session, while the Hang Seng index of Hong Kong fell 0.21% at the close and the Shanghai index rose 0.19% and the index. Shenzhen is 0.31%.
Regarding the risks posed for China by a new Donald Trump term in light of the continuing tension between the two countries, Chinese markets were surprised by the announcement of the postponement of the public offering of the Chinese electronic payments giant “you” group, which it was reflected in the share price of Alibaba Group, its former parent.
On Wednesday, Trump declared his victory in the presidential election, while the census was still taking place. As a result, futures contracts witnessed a clear drop on Wall Street as well as European financial markets, and have seen turmoil ever since.
“Trump just declared war,” said Neil Wilson of Markets.com, justifying the decline in the president’s behavioral indicators.
