Stocks Rise on Biden Victory; Dollar Edges Lower: Markets Wrap

(Bloomberg) — U.S. stock futures climbed with Asian equities Monday in a continuation of last week’s risk-on pattern after Joe Biden was declared the winner of the presidential race on Saturday. The dollar extended declines.S&P 500 futures were up about 1% in early trading, building on the strongest week since April for the benchmark, as the president-elect prepared to launch his transition effort. Stocks rose in Japan, Australia and South Korea. The yuan and euro ticked higher alongside the Australian and New Zealand dollars. Treasuries slipped.Biden, in his victory speech over the weekend, promised swift action against the pandemic and …read more

Source:: Yahoo Finance

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