Thursday , May 13 2021

Dow Jones wins by 215 points after the US election results



Mubasher: US stocks rose on Wednesday after forecasts for the outcome of the mid-term congressional election.

Caterpillar and Unid Health led the Dow Jones Industrial Average by 2.3% and 4%, respectively.

The results of the interim elections showed that the Democrats won the majority of the House of Representatives, while Republicans continued to rule the Senate that the markets had been waiting for.

Investors are waiting for a Federal Reserve decision on interest rates at the monetary policy meeting on Thursday.

Till noon At 14:33 GMT, the Dow Jones Industrial Average increased by 0.8 percent to 25,849.6 points, gaining 214.6 points.

Standard & Poor's increased by 1% to 2782.6 points, and Nasdaq grew by 1% to 7450.3 points.

In the same period, the main dollar index, measuring currency rates against 6 major currencies, fell by 0.5% to 95,827.

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