Markets Display Upward Surges
Dalal Street Investment Journal|November 23, 2020
Positive news about the vaccine for corona virus and the results of the US presidential election triggered fresh waves of positivity in the global markets

The last fortnight witnessed strong gains in stock markets globally as the US presidential elections concluded with a majority leaning towards Joe Biden. DJIA gained by 11.24 per cent, S & P 500 rose by 9.57 per cent and NASDAQ increased by 8.82 per cent. Investors in American stock markets were seen returning to the favoured technology stocks. Offsetting concerns over a post-Brexit deal with European Union, FTSE 100 jumped by 13.55 per cent after Moderna Inc. reported that its experimental vaccine is 94.5 per cent effective in preventing the corona virus based on data from a late-stage trial.

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