Stocks mount big rally as investors embrace election results
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.
Neither candidate has yet cleared the 270 Electoral College votes needed to win the White House, and the margins were tight in several battleground states.
The state on Wednesday reported 25 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for nine straight days and have been in double digits 27 times over the past 29 days.
One of the first states to receive rapid, low-cost coronavirus tests from the U.S. government is cautioning against their use in asymptomatic people, a group that were hoped to benefit most from the technology.
The Carmel-based company said its results for the first nine months of 2020 have been “significantly impacted by the COVID-19 pandemic.”
Republicans fought to retain their Senate majority by turning back a surge of Democrats challenging allies of President Donald Trump, and the Democrats’ various paths to seizing control were growing more limited.
In all but one county-level race, Republican candidates hold a mathematically insurmountable lead over their Democrat opponents. County election officials still have roughly 30,000 absentee ballots to count starting at 8 a.m. Wednesday.
The vigorous campaign pitted well-financed supporters of the current IPS administration against opponents who are critical of the district’s collaboration with charter schools.
No instances of widespread vandalism or property damage in the city’s core had been reported as of midnight and most streets near Monument Circle were generally quiet.
The Hamilton County treasurer’s race has been steeped in controversy, including drama that surrounding prevailing Republican candidate Susan Byer’s firing from the county office two years ago.
Indiana Gov. Eric Holcomb maintained a strong lead over Democratic opponent Woody Myers and Libertarian candidate Donald Rainwater all night on Tuesday as election results trickled in.
Democrat Ashley Klein had a slight lead in early returns over Torr but that evaporated as more votes came in.
With 60% of the votes in, Republican Todd Rokita had a 24-point lead over his opponent, Democrat Jonathan Weinzapfel.
Rep. Susan Brooks—the outgoing Republican congresswoman Spartz would replace—declared victory on Spartz’s behalf. “We know that we have absentee ballots still out—yes in Hamilton County, yes in Marion County,” Brooks said. “But she has demonstrated such strength in all of those counties.”
With about 59% of the vote tallied Tuesday night, Trump had captured 60% of the vote, compared with 38% by Democrat Joe Biden.
Republicans fought to keep control of the Senate on Tuesday in a razor-close contest against a surge of Democrats challenging President Donald Trump’s allies across a vast political map.
The Associated Press and The New York Times both made the calls with less than 10% of the vote counted Tuesday night.
The Dow Jones industrial average closed 554 points higher, led by a surge in bank shares as Treasury yields spiked on speculation that Congress will deliver a spending bill once the election is decided.
Indiana, Missouri, Oklahoma, Iowa, Nebraska, North Dakota, and New Mexico all reported record high hospitalizations this week.
At least 101.9 million people had already voted before Election Day, about 73 percent of the nearly 139 million who cast ballots in 2016, according to data collected by The Associated Press.