Business
Wall Street soars on US election uncertainty and fears of ‘purple rain’ deadlock – ABC News
US stocks have rallied despite uncertainty over the outcome of the US presidential election, with investors counting on no large legislative changes going ahead….
Wall Street’s main indices have jumped, with investors betting a close race to the White House could end with a stalemate in Congress that would reduce the chance of major policy changes.
Key points:
- The Dow Jones was up 1.3 per cent and the S&P 500 was up 2.2 per cent
- Tech stocks surged on hopes of no major law changes
- The Australian dollar was up 0.3 per cent to 71.8 US cents
Investors prepared for extended uncertainty as results from the US presidential election came back far closer than expected.
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