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Cannon Day on Wall Street Election Day.
NEW YORK (Nettavisen): Wall Street closed strongly Tuesday and the Dow Jones finished with a total of 500 points, or 2.1 percent on Election Day.
The presidential election: – This has not been seen in 30 years
The reason for the increase is investors’ hopes of obtaining a clear winner of the US presidential election and that they will avoid a delayed or controversial end result, writes CNBC.
The S&P 500 finished 1.8 percent higher, while the Nasdaq Composite finished 1.9 percent.
Also read: Donald Trump arrives with important clarification on Election Day
Here they believe that Trump will triumph
Joe Biden clearly leads the polls the day before the election. Axios writes that Joe Biden’s campaign believes they have at least eight leadership points in crucial states, after analyzing the nearly 100 million votes that were cast early.
Read: Joe Biden: – Bodes well
This, while Trump’s friend Fox Business also writes that the stock market record suggests that it is President Trump who will secure another four years in the White House.
Read: Set the time: These are the times you should follow tonight
Fox notes that the historical development of the S&P 500 stock index, which has predicted the correct winner in 87 percent of all presidential elections, and all elections since, has risen from 1.2 percent from July 31 to Monday. .
Fox notes that a gain in the last three months leading up to the election has generally signaled a victory for the incumbent, while a decline has signaled a loss for the election.
“When the market stays up here and piles up, it tells me that Trump will occupy 1,600 again for another four years,” Anthony Saliba, chief executive of the Chicago-based Matrix Execution Group, told Fox. house located at 1600 Pennsylvania Avenue.
Read: The other polls: That’s why they predict Trump’s victory
– An electoral landslide for Trump
Trump’s daughter-in-law Laura Trump also has no doubt that Trump will win.
“People haven’t talked to opinion polls, and we think it’s going to be a landslide victory in the election – we don’t even have to take this further for several days,” Lara Trump told Fox News.
Fox Business also reports that although the development of the S&P 500 Index indicates a Trump victory, other indicators suggest that Biden is the winner, including the development of the dollar and the recession that has caused the corona pandemic.
They note that the president, who has experienced a recession in the past two years before an election, has lost the election in five of seven cases, including the last case, when former President Bill Clinton defeated George W. Bush.
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