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Added on the 01/10/2020 17:58:42 - Copyright : Wochit
An RBC Capital Markets analyst says that based on recent options trading, the market believes the next US president will be known by November 6th. However, Amy Wu Silverman, RBC's head of derivatives strategy, believes the risk of a contested election is 'severely underpriced' in the stock market. According to Markets Insider, the stock market is eagerly waiting for Congress to pass the next fiscal stimulus package. However, no progress will be made until a clear winner of the election is determined. We in the options market think about tail events, my worry now is that maybe a situation coming up where there is not a clear winner for a while. Amy Wu Silverman, Head of Derivative Strategies RBC Capital Markets A tail event is an unpredictable and rare market outcome that could come as a shock to investors.
Madrid, Mar 22 (EFECOM), (Camera: EFE).- The Spanish stock market fell 1.76% Monday, the biggest drop in two months, approaching 8,300 points. FOOTAGE OF MADRID STOCK EXCHANGE
US stocks closed at record highs on Wednesday after President Joe Biden was sworn into office. Tech stocks drove the market following an optimistic earnings report from Netflix. According to Business Insider, the Netflix report sent shares soaring nearly 20%. Tech shares didn't stop with Netflix, Alphabet rose to an all-time high with a 6% surge. Alibaba climbed 7% after it's founder, Jack Ma, made an appearance in a videoconference. Ma had not been seen in public for months prior to the call. Gold rose 1.57% on the news of the 46th President's inauguration to $1,869.10 per ounce.
Democrat Jon Ossoff won the Georgia Senate runoff election against the Republican Sen. David Perdue. This win makes Ossoff the youngest Democratic senator elected since President-elect Joe Biden in 1973. The 33-year-old Ossoff is also the first millennial elected to Senate. According to Business Insider, Biden, now 78, won his first Senate seat in Delaware at the age of 30. Previously, the youngest incumbent senator was the Republican Sen. Josh Hawley, 41.
U.S. President Barack Obama attends an outdoor arrival ceremony in heavy rain, as the first sitting U.S. president to visit Laos. Rough Cut (no reporter narration).