Business
Wall Street surges higher on election day, $A jumps – Sydney Morning Herald
Stocks are rallying as Election Day finally arrives following a punishing campaign that created enough uncertainty to help send markets spinning.
The Australian dollar jumped more than 1 per cent as the US dollar fell on the notion a Joe Biden victory would weaken the greenback. At 5.48am AEDT, the Aussie is fetching 71.54 US cents.
What investors fear is the prospect of a contested election, one that drags on and injects even more uncertainty into markets. Much of Wall Street expects a sharp drop in stocks to happen in such a scenario. The future political makeup of the Senate is also another unknown factor throwing uncertainty into the…
-
General13 hours agoIvan Cleary says Panthers trainer Corey Bocking ‘struggling’ after receiving five-match suspension
-
General24 hours agoFlash floods in India wash away village, kill four and leave over 50 missing
-
Noosa News22 hours agoFloored by the flu
-
Noosa News22 hours agoSXSW Sydney Is Hosting a 14-Hour All-Day ‘Freaks and Geeks’ Marathon as Part of Its 2025 Paul Feig Retrospective