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The Dow rose more than 500 points on Wednesday following news of US Democratic presidential candidate Joe Biden. You began to receive a significant increase in the number of ballots being mailed.
If Mr. Biden wins this election AND the Democrats can have a full majority in Congress in both the Senate and the US House of Representatives. It will result in the Democrats being able to push the US economic stimulus smoothly. After being blocked under President Donald Trump.
Democrats have proposed a $ 2.2 trillion economic stimulus package. While the Republicans only proposed 1.9 trillion dollars. Corrective measures for the effects of the COVID-19 epidemic
At 22.12 GMT, the Dow Jones Industrial Average was 27,981.37 points, 501.34 positive points or 1.82%.
Tech stocks rallied today.
The NBC news agency reports that the latest results show that Biden’s vote has begun to overtake President Donald Trump in Michigan, a key state in Swing State, or Battleground State, a state that is not the basis of the vote. Both Democrats and Republicans
After 89% of the ballots were counted, Biden received 2,485,743 votes, or 49.2%, while President Trump received 2,478,801 votes, or 49.1%.
Biden’s vote increase came from counting the ballots that were mailed out.
Michigan has 16 electoral votes, with 270 candidates to win the presidential election.
Additionally, many gambling companies have adjusted the odds of Biden winning. The latter, however, found that voting has increased significantly in the number of ballots that are mailed out.
Biden’s vote has now increased in the Swing State, giving some betting markets a 70% chance that Biden will win the election.
Although the vote of President Donald. Trump revived it in the early stages. But Democrats have begun to show confidence in the outcome of the presidential election.
Former Virginia Governor Terry Macliffe said “Joe Biden will be the next president of the United States” and invited Republican members to bet on the election results.
As Biden’s votes flowed into Wisconsin and Michigan, OddsChecker increased the chances that Biden would win the election. Adjusting the odds to 1/2, while BetOnline offers Biden’s odds at -330 while President Trump is +275.
Smarkets has also adjusted Biden’s odds of returning to President Trump for the first time. He gave Biden a 59% chance of winning after previously giving President Trump an 80% chance of winning.
Sarbjit Bakhchi, head of political marketing at Smarkets, said: “Biden is likely to win now in Michigan and Wisconsin. As a result, President Trump’s chances of winning were reduced to 41%, giving Biden more opportunities than Trump. for the first time since yesterday. And now he has a 59% chance of winning the election. “
Bloomberg News reports that Biden still has the top vote for President Trump from the last national election vote. He received 238 votes from the electorate, while President Trump received 213 votes, with the 270 victorious in the US presidential election.
Investors watched Friday’s non-farm payroll numbers. With Analysts Expected The US Department of Labor will report a 530,000 increase in non-farm payrolls in October. While the unemployment rate will drop to 7.7%.
