Posted on 01/07/2021 8:31:39 AM PST by SeekAndFind
Yahoo Finance Stock market news live updates: Stocks rise after Congress certifies Biden victory after unrest, jobless claims improve Emily McCormick Emily McCormick·Reporter Thu, January 7, 2021, 10:20 AM EST U.S. stocks gained Thursday morning as traders shook off Wednesday’s unrest in Washington and looked ahead to the policy implications of the incoming presidential administration and Congress.
The Dow added more than 150 points, or 0.5%, shortly after the opening bell. Overnight, Congress certified President-elect Joe Biden’s victory in the Electoral College and formally recognized him as the next president, with lawmakers reconvening hours after protesters supporting President Donald Trump swarmed inside the Capitol and forced the building to lock down and lawmakers to evacuate.
President-elect Joe Biden called the event an “insurrection” in remarks to the nation. Trump later told the protesters to “go home,” but reiterated baseless claims that the “election was stolen from us,” in a video address now removed by Twitter, Facebook and YouTube. Business leaders including JPMorgan Chase CEO Jamie Dimon and Blackstone CEO Stephen Schwarzman, who has long backed Trump, condemned the violence.
Despite the turmoil, the Dow ended at a record closing high on Wednesday, and the S&P 500 gained 0.6%.
“When I look at the market reaction here … there is a recognition here that there is a certain inevitability in terms of what happens on January 20,” Raymond James analyst Ed Mills told Yahoo Finance on Wednesday.
“The market is more focused on, what are the policies of the next two years with the Congress that was voted in with the final election last night? What are the policies over the next four years?” Mills added. “They’re looking at COVID, they see vaccines being distributed. They are looking at a reopening.”
(Excerpt) Read more at finance.yahoo.com ...
I thought it was against the law to certify fraud?
There’s 5 to 10 TRILLION in stimulus money being thrown out there in the next year or so. or less.
The markets will shoot up in the short term and the country will collapse down the line
It’s like giving a degenerate gambler your bank debit card and pass code and asking him to hold it for you.
In my experience the rise in company stocks was directly related to their replacing American workers with foreigners (either here or abroad); it never reflected the rising fortunes of American workers. So many “American” companies are intertwined with Red China now it is impossible to clearly separate “international” stocks.
The rising stock market indicates good things for ChiCom companies, not companies in the US that hire Americans.
Corporations will now freely once again move to offshore their US locations, hire H1b’s are unprecendented levels, more cheap labor from South of the border=record profits
OK, then Biden now owns the economy. Remember that as commercial real estate tanks, the lock downs create more unemployment, the economy collapses under the weight of continued debt and China becomes our master.
I told everyone here that Bitcoin would be 30,000 by New Years. Now it will go right to 50k, then 100k and up. the dollar will be dead. Inflation will spike. Gas spices will explode. Interest rates will go back near Carter levels. Crying and raging won’t save you. Prepare yourselves, my brother and sisters!
Laws are for peasants.
The elites need not concern themselves with such trivial matters.
Laws are for the little people.
China pumping money into the markets. They know their investments are safe.
The Dollar is doomed. Please hedge FRiends.
What fraud? Which court has ruled and shown proof of fraud?
The states have had 2 months to investigate and decertify in a timely manner, they did nothing because they found no fraud.
The DOJ has indicated that there is no fraud.
You and I both know that it is horseshit and there is fraud, but that is irrelevant. Officially, there was no fraud, so Pence and the Republicants have cover.
Welcome to a Banana Republic.
Screams into new territory with blistering high increase of
0.5%
Roflmao
Bwwahahahaha
Back to bathhouse barry’s spa and butt hair shaving days of growth only his “wife” gets when she sees him naked, None
Not PC... Tough..👍
RE: OK, then Biden now owns the economy.
Not until he is sworn in he doesn’t. And if he keeps every single Trump economic policy in place ( highly doubtful ), it’s still Trump’s economy.
Eventually with the hyperinflation and the Fed raising the rates to 15-20% in a desperate attempt to ameliorate the damage, our yearly debt payments will be in the neighborhood of $6-8 TRILLION each year. Just the interest on the debt, nothing else.
I have a feeling at least for the first year, you’ll probably see a lot of Trump policies kept intact. The reason is to basically convince people that all of Trump’s “gloom and doom” about Biden was just that. Then after that, comes the pain.
Yeah, right.
Dems have impunity given they own the new organization.
Yes, I was being facetious.
There is legitimate fraud and claimed fraud. Proof be damned until the fraud has been legitimized(validated) under adjudication by a positive judicial decision(ruling).
Until the fraud has been validated/recognized in the eyes of a court ruling... then yes, it doesn’t exist or never happened.
Pence: “No court has recognized that fraud was involved, so I cannot overrule the states certifications.”
In other words... Nothing to see, move along.
Pence threw the constitution under the bus with weasel-words in order to justify his dereliction to his oath and pocket his 30 pieces of silver.
The fraud remains unproven (by letter of the law, not what we think we know).
There was only one official slate for the contested states.
So there was only one possible outcome today.
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