The stock market closed higher on the day of the US election

The value of the dollar weakened against the euro.

Stateside At the end of the trading day on Tuesday, the New York stock exchanges were in the positive after the previous day’s declines.

The technology-focused Nasdaq closed up 1.4 percent, while the broader S&P 500 was up 1.2 percent. The industrial-oriented Dow Jones, on the other hand, ended the day with a 1.0 percent increase.

The dollar again weakened against the euro.

The United States will vote on Tuesday local time for the country’s next president, and in addition, all seats in the House of Representatives of Congress and 34 seats in the Senate will be up for grabs.

The presidential race is practically for the Democrats Horrible Harris and Republicans Donald Trump’s struggle between.

Trump has proposed a combination of low corporate tax rates and looser regulation that would likely boost corporate profits and tighten the stock market, experts say For ABC News.

According to experts interviewed by Utiskanava, prices would probably rise during Harris’ presidency, as they have done under the current president Joe Biden during. According to the news agency AFP, analysts expect that Harris’ election would bring less upheaval.

News channel CNN points out that in the elections it can happen that the Congress does not go clearly to the wounds of either party. The division of power in Congress can make it difficult for the future president to pass significant economic or, for example, budget-related changes.

By Editor

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