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

Mourinho admits he was in the wrong over training session

first_img Fellow Spurs players Davinson Sanchez and Ryan Sessegnon were spotted running side by side in a separate session, while Serge Aurier filmed himself on Instagram running alongside a friend. “I accept that my actions were not in line with government protocol and we must only have contact with members of our own household,” said the Portuguese manager. “It is vital we all play our part and follow government advice in order to support our heroes in the NHS and save lives.” London Mayor Sadiq Khan told the BBC the players and Mourinho should be leading by example. “My concern is people, particularly children, who might support Spurs or follow football may see these images, pick up a paper, watch the internet and think, well if it’s OK for them, why isn’t it OK for me?” he said. Tottenham boss Jose Mourinho has accepted he was in the wrong for holding a one-on-one training session with midfielder Tanguy Ndombele in a public park in London.Mourinho was pictured on social media flaunting government rules by meeting up with the midfielder Tuesday, even though they kept to social distancing guidelines. The Premier League has been suspended since mid-March due to the spread of COVID-19. Promoted ContentTop 10 Most Romantic Nations In The WorldWhat Is A Black Hole In Simple Terms?7 Black Hole Facts That Will Change Your View Of The UniverseA Hurricane Can Be As Powerful As 10 Atomic BombsWhich Country Is The Most Romantic In The World?8 Superfoods For Growing Hair Back And Stimulating Its GrowthCouples Who Celebrated Their Union In A Unique, Unforgettable WayWho’s The Best Car Manufacturer Of All Time?The 10 Best Secondary Education Systems In The World10 Risky Jobs Some Women Do7 Universities In The World With The Highest Market ValueBest & Worst Celebrity Endorsed Games Ever Madecenter_img Loading… Read Also: Video: Jose Mourinho trains with Tottenham players amid lockdown The British government has introduced a strict series of measures to prevent the spread of the virus and Tottenham have reminded players of their responsibilities. The club said last week they would be using the government’s furlough financial assistance programme for non-playing staff, a move that was seen as controversial and attracted a lot of criticism. FacebookTwitterWhatsAppEmail分享 last_img read more