The Dow Jones Index hit an all-time high of 31,193.4 points, up more than 2.6% since the start of unrest in Washington. The NASDAQ Composite Index fell 0.6% on January 6, but the next day rose 2.6% to reach 13,038.25 points, also hitting a new record high. On January 7, the leading European stock indexes added 0.3-0.9%, and in two days their growth amounted to 2.1-4%.
The ongoing economic recovery amid the coronavirus pandemic is one of the main reasons the market ignored civil unrest in Washington. “There should be no mystery as to why the markets didn’t care about what happened yesterday, no matter how disturbing, embarrassing, and embarrassing. Because it has nothing to do with economic development, income and interest rates, “- quotes the opinion of the chief investment officer of Bleakley Advisory Group, Peter Boquard, the information portal MarketWatch. Markets rally today came after the US Congress confirmed the election of Joe Biden as President. In addition, incumbent President Donald Trump has pledged an orderly transfer of power on January 20.
Equity growth is also driven by optimism about the prospect of a new, larger round of financial spending after the Democratic Party won the second round of elections in Georgia, which would give the party control of the US Senate. “President-elect Joe Biden will be able to push through more aggressive stimulus packages and fund spending with higher taxes,” Kathy Lien, managing director of currency strategy at BK Asset Management, told MarketWatch. In addition, investors remain positive about the increased use of developed vaccines, despite concerns about the emergence of new strains of COVID-19.
These factors have a positive effect on the movement of virtual currencies rates. The cost of bitcoin, which has risen sharply in the early days of 2021, by the evening of January 7, crossed the psychological mark of $ 40 thousand and reached a new all-time high.
For more information about the storming of the Capitol, see the Kommersant article “Biden and the Pogrom”.
Dmitry Ladygin, Yuri Litvinenko
Сообщение US and European indices showed growth despite unrest in Washington появились сначала на supercar.ru.