The S&P 500 rose 1.2% to pull closer to its record set last month. In 2000, the S&P 500 dropped 5% in about five weeks after Election Day before Al Gore conceded to George W. Bush. Four years ago, the S&P 500 rose the day after polls closed, even though a winner wasn’t yet clear. The S&P 500 ended up rising 69.6% from Election Day 2020 through Monday (November 5, 2024), following President Joe Biden’s win. In the four years before that, the S&P 500 rose 57.5% from Election Day 2016 through Election Day 2020, in part because of cuts to tax rates signed by Mr. Trump.

Source: The Hindu November 06, 2024 17:37 UTC