The stock market is seeing a rally on election day as investors kept prices up in Biden’s victory

The market continued to rise after opening higher. This Dr. (INDU) 2.3%, or a trade of more than 600 points, while higher around mid-morning S&P 500 (SPX) – Wall Street’s broad move – up 2.1%. This Nasdaq Composite (COMP) Increased by about 2%.

Last week, all three have recorded their worst weeks since March on the Kovid-19 infection, the possibility of government stimulus and uncertainty over election results.

Betting markets continue to favor former Vice President J. Biden to win the election, with his chances of winning remaining 64 percent.

Analysts Goldham Sachs (G.S.) Looks like the winner is likely to be announced on Tuesday night as swing states like Florida, Arizona, Georgia and North Carolina will report results quickly.

This is important for the stock market, which avoids uncertainty. Not knowing the winner for days has been called a “nightmare” by investors.

Financial markets are moving on expectations – and then hopes are scattering – for months now for more monetary stimulus from Washington, and investors expect a larger stimulus package under the Democratic administration.

“I believe [the market is up on] Two things: Some are pulling back from last week[‘s losses]TD Ameritrade’s Chief Market Strategist J.J. “But I also think there’s a sense that whoever wins will make some short-term money, whether it’s the excitement or the infrastructure,” Keenan said.

U.S. The economy has begun its long journey of recovery, but economists and central bankers agree that reforms will require more government spending to continue.

Meanwhile, President Donald Trump said on “Fox & Friends” on Tuesday morning that he believes the market is booming because investors were offering prices for him in the second term.

Trump has repeatedly said that if Biden is elected, the market will sell out, but market participants have rejected the thesis because of the government’s expected cost of accelerating market recovery.