Cisco Systems Inc and Walt Disney Co were the top gainers among 30 Dow components, helping the blue-chip index rise 0.8%.
(Reuters) - Wall Street tumbled on Thursday as U.S. coronavirus infections surged and investors weighed the timeline for the mass rollout of an effective vaccine.
The tech-skewed Nasdaq advanced 1.5%, while technology mega-caps including Netflix Inc, Amazon.com Inc and Facebook Inc, the so-called stay-at-home winners, also gained between 1% and 2%.
Finance executives will be closely watching how Biden handles the coming internal Democratic fight between centrists and progressives that threatens to increase regulation and dent profits
Biden extended narrow leads in Pennsylvania and Georgia, putting him on the verge of winning the White House
Asian stock markets were mixed Friday after Wall Street rose amid protracted vote-counting following this week's US elections. Tokyo and Sydney advanced while Shanghai and Hong Kong declined. Seoul swung between gains and losses. Markets are betting on control of the US Congress being split between Republicans and Democrats, which could mean low taxes and light regulation that investors like stay in place. On Wall Street, the benchmark S&P 500 index closed 1.9 per cent higher. It is moving toward its biggest weekly gain since April. I find it remarkable how relaxed these markets are under the circumstances, said Craig Erlam of Oanda in a report. Hopefully, the faith investors have shown is rewarded, because the last thing we need is an extremely messy conclusion to what has already been a hostile and divisive election. The Shanghai Composite Index lost 0.5 per cent to 3,302.02 while the Nikkei 225 in Tokyo gained 1.1 per cent to 24,367.35. The Hang Seng in Hong Kong shed 0.3 per
US stocks jumped as investors bet Republicans would hold onto the Senate and prevent changes under a possible Joe Biden White House that would crimp corporate profits
The Dow Jones Industrial Average rose 1.75 per cent to 28,334.47, while the S&P 500 gained 1.91 per cent
US billionaires add $57.4 billion as stock markets climb
The Dow Jones Industrial Average rose 235.71 points, or 0.85%, at the open to 28,083.37
The S&P 500 was up 57.67 points, or 1.74%, at 3,367.91, and the Nasdaq Composite was up 171.87 points, or 1.57%, at 11,129.49
The Nikkei Manufacturing Purchasing Managers' Index (PMI) rose to 58.9 in October - the highest since May 2010 - igniting hopes of a strong recovery in the economy
Democrats are also favored to emerge from 14 hotly contested US Senate races with full control of Congress in Tuesday's election
Wall Street will be closely watching a few dozen counties on Tuesday night for hints on who will win the US presidential race
The Dow Jones Industrial Average rose 189.68 points, or 0.72%, at the open to 26,691.28
Worst week in Wall Street since March, major averages pulled back considerably in the week as investors worried that soaring Covid-19 infections could slow down economic recovery
Wall Street's major averages pulled back considerably in the week as investors worried that soaring Covid-19 infections could slow down economic recovery
Some fund managers say they are growing alarmed by what they see as a consensus in Washington to tighten regulations
The rebound came after a more than 3 per cent slide a day earlier in Wall Street's major indexes, underscoring heightened market volatility ahead of the presidential election next week
The sell-off accelerated during the session's final minutes,with both the Dow and benchmark S&P 500 posting their biggest single-day declines since June 11