 | | | | With the U.S. presidential election result a nail-biter, bankers, traders and financial analysts on Wednesday said Wall Street was worried the ultimate presidential winner could struggle to work with a divided Congress to fight the coronavirus pandemic and pass a quick economic stimulus package. | | | | | | Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seemed remarkably calm about not knowing the winner of the U.S. presidential race. | | | | | | The dollar rose and world equity markets rallied on Wednesday as investors bet that a progressive "Blue Wave" Democratic agenda of heavy fiscal spending and more regulation was unlikely as the outcome of the U.S. presidential election remained unclear. | | | | | | U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult to enact. | | | | | | U.S. stocks surged on Wednesday, while longer dated Treasury yields buckled on Wednesday as results from the U.S. presidential election proved far closer than expected and the Senate appeared likely to remain in Republican hands, keeping legislative gridlock in place. | | | | | | A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the U.S. Commerce Department from imposing restrictions on video-sharing app TikTok after a Pennsylvania judge had already blocked the government's plan on Friday. | | | | | | Credit markets rose on Wednesday as results from a tight U.S. presidential race continued to trickle in, fueled by expectations that lawmakers will eventually provide fiscal stimulus to stave off the economic effects of the coronavirus pandemic regardless of who wins the White House. | | | | | | Oil prices rose nearly 4% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and after data showed a large decline in U.S. crude inventories. | | | | | | Investors began pricing in a greater chance of gridlock in Washington, scaling back predictions of a large coronavirus relief bill, as votes continued to be tallied from Tuesday's U.S. presidential election, which was much closer than opinion polls had suggested. | | | | | | Gig economy companies want to turn California voters' decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and rival services be treated as employees with higher compensation. | | | | | |
