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Added on the 18/10/2020 17:31:21 - Copyright : Wochit
Thousands of pro-choice and anti-abortion activists gather outside parliament as the Argentine Senate prepares to vote on a landmark bill on whether to legalize abortion in a country where the Catholic Church has long held sway. IMAGES
Business Insider reports that Elon Musk is $8 billion away from surpassing Bill Gates as the world's second-richest person. This week Musk's wealth has continued to climb. Musks networth hit $114 billion after Tesla was added to the S&P 500 index, edging out Facebook CEO Mark Zuckerberg. It's gained another $10.2 billion after Tesla shares spiked 10% on Wednesday, according to Bloomberg.
Stock market analysts always worry around the time of a Presidential election. The markets can react unpredictably when a certain candidate gets elected. According to Stifel the S&P 500 will sell off initially if the Senate or Presidency remains Republican after the election. Business Insider reports that a note from Stifel says the S&P may fall following this election outcome. With the Republicans in charge hopes of a large fiscal stimulus will fade. Stifel noted that the market has likely discounted a possible Democratic sweep, with an expectation of "big spending" in 2021 and 2022.
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