Business
Wall Street brushes off election uncertainty to jump higher – Sydney Morning Herald
Wall Street surged as the election remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult…
Growth stocks, currently comprised of a large portion of names in areas such as tech, surged 4.3 per cent as investors expected them to keep outperforming value stocks as they have in recent months. Value names, which closed flat, are currently comprised of mostly cyclical stocks such as banks and energy.
“Even if Joe Biden wins the Presidency, it looks like we are going to have a divided congress so the opportunity to have meaningful change at the fiscal level is pretty slim, and that is what is…
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