Since November 3, the S&P 500 has risen 7.7%. News of success in creating a coronavirus vaccine plays a big role in growth.
The growth of the American stock market after the presidential election was the best since 1980 - then Ronald Reagan was elected for the first term. This is written by Bloomberg.
40 years ago, in the three weeks since the election day, the S & P 500 - an index that combines the securities of the largest companies in the American economy - rose 8.6%.
The strategist of the financial company StoneX Youssef Abbasi in an interview with the publication explained the positive dynamics in the market by the fact that the end of the last trials of several vaccines for coronavirus is approaching.
In addition, the fact that political uncertainty decreased somewhat after the election also plays an important role in the confidence of players - gradually Joe Biden's team began to prepare for work as the new US presidential administration, said Wayne Wicker, investment director at Vantagepoint Investment Advisers.
Photo: from open sources