Wall Street’s post-election wave swept stocks solidly higher again Thursday, pushing the S&P 500 toward its biggest weekly gain since April. The S&P 500 gained by 1.9 percent, its fourth straight gain of more than 1 percent, and is now up by 7.4 percent for the week. “The presidential election is not settled, the Senate is not settled, but we’re getting a post-election rally,” said Ross Mayfield, investment strategist at Baird. “The odds at this point seem fairly set in stone, so investors are feeling pretty comfortable making the bets that they’re making.”The S&P 500 added 67.01 points at 3,510.45. The Dow Jones Industrial Average gained by 542.52 points, or 1.9 percent, at 28,390.18.

Source: The Standard November 06, 2020 02:15 UTC