A post-election rally in the stock market is likely to continue on Monday as Dow futures surged on Sunday.
A prediction from CNBC showed that the Dow Jones gained 220 points on Sunday night, showing a gain of around 200 points when the exchange opened on Monday morning. Stocks fell for four consecutive days last week, but fell on Friday when the Labor Department announced that unemployment had fallen to 6.9% nationally.
Analysts say last week’s rally is the potential of elections in 2020 that lead to a GOP Senate majority with a Democratic president, a prospect that has previously led to profits for the market.
Other equity futures contracts including the Nasdaq and S&P 500 also rose and are expected to rise Monday, according to CNBC.
The continued rise of the market comes when the uncertainty surrounding presidential elections; All major news networks predict that former Vice President joe BidenJoe BidenMary Trump celebrates the Biden-Harris victory: ‘Come to America. Thanks, boys’ Biden gave thanks to black Americans during his winning speech: ‘You always support me, and I’ll be your present’ Biden vows to heal the divided country MORE (D), who takes the lead in a number of important battlefield states, will be the winner after the final tally of votes takes place.
President TrumpDonald John Trump Mary Trump celebrates the Biden-Harris victory: ‘Coming to America. Thanks, boys’ Biden gave thanks to black Americans during his winning speech: ‘You always support me, and I’ll be your present’ Biden vows to heal the divided country MORE and his allies have refused to make concessions so far and vowed to challenge legislation in a number of states including Pennsylvania, which was called on by the Associated Press to Biden but continues to count mail ballots.