Wall Street’s latest gains and growing anticipation of the outcome of the US presidential election helped local stocks again end higher on Friday. Philstocks Financial Inc. research associate Claire Alviar said the bourse extended its rally after taking its cue from US markets. The Dow Jones, S&P 500 and Nasdaq all closed in the green, climbing by 1.95 percent, 1.95 percent and 2.59 percent, respectively. Managing Director Luis Limlingan said the stock market continued to rise as investors await the results of the race for the White House. “Investors in the Philippine market continued the buying momentum on hopes the winner of the US presidential election would soon be determined, with shares of major index names leading the gains,” he said.

Source: Manila Times November 06, 2020 17:03 UTC