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The Standard & Poor’s Index was up 1.8 percent in trading, and the Dow Jones Index gained 523 points, down 1.9 percent to 27,448 points, and the Nasdaq Index was up 1.9 percent, according to a report. Posted by Associated Press.
“Today’s stocks were green, and they weren’t blue or red,” Ruud von Lipsy of the UBS Portfolio Management Fund told The Associated Press.
Investors in financial markets eagerly await to announce the election winner’s outcome, regardless of whether it is Donald Trump or Joe Biden, as the markets generally turn a profit after the results are announced.
What investors fear is the continuation of a turbulent election or transition process that will lead to instability and uncertainty in the market.
Since Tuesday morning, tens of millions of American voters have gone to the polls to choose between President Donald Trump and Democratic candidate Joe Biden in a historic presidential election in the United States amid sharp division.
It is expected that “turnout will be very high, with about 100 million voters casting their votes early, that is, more than 70 percent of the total number of voters in 2016.”
Democrats encouraged early voting because of the epidemic, and it remains to be seen whether Republicans who tend to vote on Election Day will accept the polling stations.
This record accumulation of votes in the mail, which can continue to be received in some states for several days after Tuesday, can complicate the vote counting processes or delay the announcement of the winner if the results are very close.
