Investing.com investing.com 06 Jan, 2021 23:45 am

Dow Hits Record High, Shrugging Off Siege on Capitol as Democrats Take Senate By Investing.com

Dow Hits Record High, Shrugging Off Siege on Capitol as Democrats Take Senate By Investing.com
Dow Hits Record High, Shrugging Off Siege on Capitol as Democrats Take Senate

com – The Dow closed at record highs Wednesday, as violent protests at Capitol Hill to stop the confirmation of President-elect Joe Biden’s victory was offset by a wave of optimism that more stimulus is on the way as Democrats won the Georgia runoff elections to take control of the Senate.Raphael Warnock unseated Republican Senator Kelly Loeffler in one of the Georgia runoff elections, while Democrat Jon Ossoff reportedly won against Republican David Perdue.Protests quickly turned violent after demonstrators stormed the Capitol building after President Donald Trump urged them to protest the confirmation of Biden’s victory, before calling for calm.But Vice President-elect Kamala Harris will have the tie-breaking vote, paving the way for Democrats to carry out their legislative agenda amid control of both chambers of Congress and the White House.

44%, or 437 points, though had been up 630 points intraday.com (NASDAQ: AMZN ), Facebook (NASDAQ: FB ) and Alphabet (NASDAQ: GOOGL ) the so-called Fab 5, which make up for about 25% of the S&P 500, traded in the red.

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