New York: Stocks around the world are pushing higher Wednesday, but only after spinning through an election night dominated by surprises and sharp swings. The Dow Jones Industrial Average was up 569 points, or 2.1%, at 28,062, and the Nasdaq composite jumped 3.7%. Investors see cause for optimism if either candidate wins, but much is at stake pending the results. Much of Tuesday’s strength for Wall Street was due to big gains for technology stocks. A contested election was a worst-case scenario for markets because it would only prolong the uncertainty that’s been keeping investors on edge.

Source: Mint November 04, 2020 15:22 UTC