Stock futures rise slightly after Tuesday’s rally as traders await U.S. election results

first_imgElection officials count absentee ballots at a polling place located in the Town of Beloit fire station on November 03, 2020 near Beloit, Wisconsin.Scott Olson | Getty Images – Advertisement – This week’s market moves come as investors hoped a delayed, or contested, U.S. presidential election result would be avoided and a clear winner would emerge Tuesday night.“This most recent uptick in prices seems to be a ‘clarity rally’ as investors look forward to finally having the election uncertainty overhang removed,” Adam Crisafulli, founder of Vital Knowledge, wrote in a note Tuesday.Former Vice President Joe Biden held a 10-point lead nationally over President Donald Trump, according to an NBC News/Wall Street Journal poll released Sunday. Wall Street is also watching some key Senate races, which could lead to Democrats taking control of Congress.- Advertisement – Stock futures rose slightly on Tuesday night following a sharp rally during regular trading while investors awaited the result of the presidential election.Dow Jones Industrial Average traded 131 points higher, or 0.5%. S&P 500 futures gained 0.4% and Nasdaq 100 futures advanced 0.3%.Earlier in the day, the Dow popped more than 500 points, or 2.1%. The S&P 500 gained 1.8% and the Nasdaq Composite advanced 1.9%. Those gains added to Monday’s strong performance.- Advertisement –center_img Investors are betting that a so-called blue wave — a scenario in which Democrats win the White House, obtain a Senate majority and keep control of the House — could facilitate the passing of new fiscal stimulus as the economy continues its recovery from the coronavirus pandemic.“I think that no matter who wins, you have a quick dip and you have to buy,” CNBC’s Jim Cramer said earlier on Tuesday.The S&P 500 lost 0.4%, on average, the day after presidential elections, according to Baird.Chao Ma of the Wells Fargo Investment Institute thinks investors with a longer time horizon should not worry too much about the election’s impact on the broader market.“The history of the economy and the S&P 500 Index suggests that a president’s party affiliation has made little difference when it comes to long-term returns,” said the firm’s global portfolio and investment strategist. “The long-term drivers of the S&P 500 index have been the economy and business earnings, and we expect that to continue to be the case … beyond the 2020 elections.”One year out from a presidential election, the S&P 500 averaged a return of more than 8%, according to the Baird data back to 1960.Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. – Advertisement –last_img read more

Nana Akuoko Sarpong thrilled with Great Olympics’ league return

first_imgThe Omanhene of the Agogo Traditional Area and patron of Accra Great Olympics, Nana Akuoko Sarpong, says he is very excited to see the club back in the top division of Ghana football.Olympics together with King Faisal were given places in next season’s Ghana Premier League after a decision was taken at the Ghana FA’s Elective Congress on October 25 in Accra.The decision was to re-instate the two teams after several petitions from them saying that they had been relegated from the elite division unfairly.Speaking to Citi Sports on Monday, Nana Akuoko Sarpong expressed his joy at seeing Olympics back in the league and he also recounted his long-standing association with the club.“When I heard the news, I called my brother, H.E. Amarkai Amarteifio, to congratulate him on our successful re-entry into the league.My association with the club goes way back to 1954 when I came to Accra Academy. At the time, Great Olympics, had broken away from Standfast to start a new club. I have gone to become chairman of the club on three separate occassions.”Nana Akuoko Sarpong went to give his opinion of how the team could ensure success in the coming league campaign. He stated that Olympics would have to recruit players who would be loyal to the team’s cause and also urged the fans to back the team at all times.“Great Olympics will have to bring in players who are loyal. They should be wary of players that I call ‘Trojan players’. These players pretend to play for your teams but in reality, they serve the interests of other teams. Great Olympics will have to screen  players before they are signed.For the fans, I want them to support the team wholeheartedly. I want them to back the team with their money too and not only leave contributions to the team’s management. The supporters are the real owners and the players must play to satisfy them. What the fans should do in return is to show a lot of love to the team.”Great Olympics will get a good idea of how their Ghana Premier League season will play out when the fixtures for the season are announced by the Ghana FA in coming days.The NC has proposed November 3 for the start of the 2019/2020 Ghana Premier League season.last_img read more

Hundreds injured in months of Algeria football violence

first_imgDuring the same period there were 726 arrests, including 82 minors, of which 198 people were charged.Naili also addressed an incident in which three officers were filmed attacking a supporter after a first division match in the capital Algiers on November 13.Following an investigation into the attack, which happened during widespread matchday violence, Naili said the case has been referred to the public prosecutor’s office.Despite sanctions and fair play campaigns, violence has continued both in and around football stadiums.In 2014 a Cameroon striker with Algeria’s JS Kabylie, Albert Ebosse, was killed on the pitch by a projectile thrown from the stands.Share on: WhatsApp Algiers, Algeria | AFP | More than 300 people were injured in football-related violence during the first four months of Algeria’s football season, with hundreds arrested, police said on Sunday.Algeria has for years seen nearly weekly violence at football stadiums between supporters, while police and players have also been targeted.Giving the police tally for August to November last year, the director of public security said there had been 80 cases of violence.The unrest left “316 injured of which 215 are from police ranks,” said Aissa Naili, quoted by state news agency APS.The figures relate to around 900 matches in various divisions, including the top two professional leagues and international matches.last_img read more

BBC staff inspired to give golf a go

first_img17 Oct 2014 BBC staff inspired to give golf a go BBC staff have been channelling their energies into a new sporting pursuit and enjoying free golf taster sessions. PGA professionals from Trafford Golf Centre delivered the introduction to golf to workers at the corporation’s MediaCityUK headquarters in Salford under the umbrella of the Lancashire County Golf Partnership. Organised by Lizzie Dignam, who runs the BBC Salford Club, and Bev Dodds, development officer for the Lancashire CGP, the sessions offered staff something different that they can enjoy with their friends and family. Nationally the Get into golf campaign and BBC Sport’s Get Inspired programme have teamed up to encourage people to get active and find new activities in their local area. The sessions covered the basics of the game in a relaxed and enjoyable environment and golfing equipment was provided. Peter Styles, director of golf at Trafford Golf Centre, said: “The taster sessions were delivered to golfing beginners, but they really enjoyed the experience and a number of them are now looking to carry on learning a sport that offers both social and health benefits to all ages and abilities. “The feedback we had was really positive with comments such as: •    I love watching golf so I thought I would give it a go. •    The session was great fun. Definitely want to do it again. •    Great feeling when you hit a good shot. Just want to do it more now. After the taster sessions, follow-up coaching is available for the bargain price of just £25 for five lessons.  The scheme is open to individuals, groups or businesses and is aimed at beginners or those returning to the sport. Styles added: “Our aim at Trafford Golf Centre is to create as many golfers as we can and for more people to enjoy the sport. We start new Get into golf taster sessions and coaching courses every two weeks at Trafford Golf Centre, so it is easy to find a time and date to suit you.” The centre, at Trafford Quays next to the Trafford Centre and the Chill Factore ski slope, has links with a number of clubs in the Manchester area – including Flixton, Northenden, Sale and Davyhulme Park – which provides a pathway into potential golf club membership for those attending the 57-bay driving range, which has five qualified teaching professionals. Get into golf is working alongside Get Inspired to extend its reach to millions of BBC viewers, listeners and web users across the country. “We are delighted to work with Get Inspired. This will be a big boost to our campaign to encourage people of all backgrounds and abilities to take up golf,” said Richard Flint, England Golf’s Participation & Club Support Director. “With this increased awareness we are looking for more clubs to work with the Get into golf programme so that we can offer more opportunities across the country.” Get into golf is a national campaign to inspire adults to take up the game and is run by the England Golf Partnership through its network of County Golf Partnerships, supported by Sport England and National Lottery funding. To find your nearest centre click here and look at the activity map or call 0800 118 2766last_img read more