logo |

News

    Home   >     Industry    >     Main body

    ​Stocks at Record Highs despite Capitol Chaos

    Abstract:On Thursday (EST), all three US stock indices unexpectedly hit record highs following the Capitol chaos.

      WikiFX News (8 Jan.) - On Thursday (EST), all three US stock indices unexpectedly hit record highs following the Capitol chaos. As of Thursday's close, the Dow Jones Industrial Average rose 0.69%, the Nasdaq Composite added 2.56%, and the S&P 500 gained 1.48%.

      Sitting through the night after the unrest, the US Congress on Jan.7 (local time) certified Biden's victory. Meanwhile, Mr. Trump issued a statement committing to an orderly transition of power, which reduces the country's political uncertainties.

      “I think most feel this is more of a one-off situation, that this as an isolated event as opposed to some sort of bigger movement, and because of that we can look to the new government and to stimulus,” said Peter Tchir of Academy Securities.

      Besides, Democrats have embraced a blue wave in Georgia, which means a Democratic control of both the White House and Congress. Markets were concerned that a Democratic-controlled Congress would pave the way for higher corporate taxes. However, some analysts believe a significant tax increase is not possible in the face of the extremely vulnerable economy. The Nasdaq saw green throughout the entire Thursday session.

      The blue wave implies a likely larger fiscal stimulus, especially a package that joins the fight against coronavirus. US stocks are expected to see further gains amid the weakening haven-linked US dollar and the loosening monetary policies.

      WikiFX (bit.ly/wikifxIN) will help you discern market trends, capture trading opportunities and make more profits.

    分析-01.08.png

      Chart: Trends of Nasdaq Composite

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.