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

Funsi RC are zonal champions in 2017 Milo U-13 tournament

first_imgThe 2017 edition of the MILO® Under-13 Champions League ended last Friday with three schools, Bagabaga Annex, Mother Theresa Primary and Funsi R/C Basic representing the Northern, Upper East and the Upper West regions respectively qualifying to play in the National finals. The three-day event started with a soccer clinic for players of all the competing schools as well as over five hundred (500) school pupils drawn from the Tamale Metropolis. The clinic which forms part of Nestlé’s effort to enrich the skills of young talents with the basics of football was facilitated by Tournament Icon Stephen Appiah, former Captain of the Senior National Team, the Black Stars and coaches drawn from the Regional Football Association. (RFA).Speaking at the closing ceremony, Miss Abena Abrefa, a Management Trainee at Nestlé Ghana Limited expressed satisfaction with the great relationship the brand is enjoying with the Ghana Education (GES) in their quest to help build future champions for the country.“Various sporting events have been organized through this partnership and this is in demonstration of our continuous contribution to the development of grassroots sports in Ghana”. “As a brand, we believe through participation in grassroots sports, children are taught indispensable values of respect, confidence and teamwork. These values picked up on the sports field help shape individuals for eventual success in any professional field. Also pupils learn that winning is more than just coming first but is about a sense of achievement and the joy of taking part, knowing they have done their best,” she added. Speaking to the media after the clinic, Stephen Appiah, the Tournament Icon expressed his excitement over the high standard of training facilities the Brand has invested to give the young talents a feel of what they are likely to enjoy across Europe should they choose to play football to the highest level.“Any time I see these facilities I get excited because, these are the very basic training equipment you will find in all the advanced football nations across Europe and the Americas. I have been there before and I can tell you these will cost the brand a fortune but MILO being the number one promoter of grass root sports I am not surprise”.In all, 12 schools drawn from the Northern, Upper East and the Upper West regions of Ghana competed in the tournament with Funsi R/C Basic school from the Upper West region emerging Zonal champions. In all ten (10) schools will battle for supremacy at the National Finals to be held from the 21st to the 24th of June 2017 at the Nduom Stadium in Cape Coast. Meanwhile twelve schools from different districts in the Ashanti and Brong Ahafo regions are preparing feverishly to take their turn in their Zonal qualifier come the Wednesday the 24th and Friday 26th of May 2017 at the Sunyani Senior High School Park.last_img read more