US stocks climbed up again on Thursday as Democratic candidate Joe Biden leads in the polls against Donald Trump. The Dow Jones jumped by 1.7 percent while the S&P 500 rose by 2 percent.
The UK’s FTSE 100 increased by 0.5 percent on Thursday to 5,911 points, approximately a two-week high for the exchange.
Edward Moya told City AM: “US stocks continue to ride the unwinding of ‘blue wave’ bets, sending big-tech and healthcare stocks sharply higher.
“It seems Congress will be divided.”
He added: “Wall Street does not have to plan for corporate tax hikes, single-payer healthcare, sweeping clean energy initiatives, and massive infrastructure spending.”
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source: express.co.uk