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US Stocks Volatile as US Elections Results Remain Unclear

The US stock markets closed in positive territory yesterday.

US ElectionElection night is over, and against the polls projections, the results seem unclear at best. At the moment, the Democrat party candidate, Joe Biden holds 224 while Donald Trump holds 213. It seems that given the delay in the counting of mail ballots in the Midwest, the results won't be known until Friday.

Biden already gave a speech, expressing his optimism about the results.

“We’re still in the game in Georgia, although that’s not what we expected. We’re feeling really good about Wisconsin and Michigan. And by the way, it’s going to take time to count the votes, but we’re going to win Pennsylvania,” said Biden during a speech.

Meanwhile, Trump posted on his Twitter account that the Democrat party is planning to steal the elections, a declaration that was censored by the social network but that was everything but unexpected, given the fact that he is been commenting on the possibility of a rigged election. In a speech he gave from the East Room he announced his victory in Georgia, North Carolina, and Pennsylvania (which remain undefined), as well as claiming that he won the election and threatening to go to the supreme court.

The US stock markets closed in positive territory yesterday. The Dow Jones Industrial Average gained 2.06 percent during the session, closing at the 27,480.03 level, followed by the S&P 500 which went up by 1.78 percent, closing the session at the 3,369.16 level. In the same way, the Nasdaq 100 gained 1.76 percent during the session, closing at 11,279.91 followed by the NYSE composite gained 1.70 percent, closing the session at the 12,877.45 level.

So far, 47,889,194 coronavirus cases have been reported worldwide as well as a death toll of 1,221,196. The United States keeps leading in the number of infections with 9,693,632 reported cases, as well as a death toll of 238,656, followed by India, Brazil and Russia.

Ibeth Rivero
About Ibeth Rivero

Ibeth contributes daily market commentary in both English and Spanish (both of which she speaks fluently) and she also manages the DailyForex mobile app to ensure that traders around the world are getting important market updates in real time.

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