But as Americans tensely wait for the outcome of the US presidential election, the country's stocks have rallied. What's happening: Early Wednesday, it looked like Wall Street could be facing its nightmare scenario: a contested election that could be drawn out over days or even weeks. Yet Wall Street traders are expecting a level of certainty to materialize in short order. The Congress question: Wall Street had put its money on a "blue wave" in which Biden takes the White House and Democrats regain control of the Senate. "Fear is not rising and people are not dramatically changing behavior, so the economic consequence is relatively slight," Donovan said.

Source: The Nation November 05, 2020 13:52 UTC