Dow jumps 600 points after Sanders drops out of presidential race

[tacobell fan]

Stocks surged on Wednesday after Sen. Bernie Sanders dropped out of the presidential race, relieving some of Wall Street’s political concerns. 

The Dow Jones Industrial Average gained 600 points, or 2.7%. The S&P 500 climbed 2.5% while the Nasdaq Composite advanced 2.1%.

The major averages hit their session highs after Sanders made his announcement. Some of Sanders’ policy proposals, including Medicare for All, raised concern among several business owners and investors who feared taxes would go up under his presidency.

Wednesday’s news puts former Vice President Joe Biden — who is seen by Wall Street as a more market-friendly candidate — closer to the Democratic nomination.

“Sanders’ exit removes the tail risk of some of his policies, immediately sets up focus on Biden vs. Trump,” said Ed Mills, Washington policy strategist at Raymond James. “Biden’s policies will get a new scrutiny now he is the presumptive nominee, but the truth of the matter is that the market will be looking towards Washington more to help the economy and much of the assistance matches his platform.”

 

[Spartan]

i told ya...market doesnt like Bernie...

[mirchi_bajji]

Just now, Spartan said:

i told ya...market doesnt like Bernie...

that is ok. but Trump kosam perigaya or is it for biden

[Spartan]

6 minutes ago, mirchi_bajji said:

that is ok. but Trump kosam perigaya or is it for biden

death count hope

[TrollBait]

11 minutes ago, Spartan said:

i told ya...market doesnt like Bernie...

you deserve a medal for saying the obvious. lol.

[Roger_that]

Bhayya news rakamunde markets up unde... vachaka asalu 100 points kuda peragaledu

[TrollBait]

Just now, Roger_that said:

Bhayya news rakamunde markets up unde... vachaka asalu 100 points kuda peragaledu

nobody cares about dem primary aa aithe.. lol biden.

[tacobell fan]

25 minutes ago, Spartan said:

i told ya...market doesnt like Bernie...

Fauci told the hump will be over this week and Markets jumped due to that ani rasadu CNBC lo 

[tacobell fan]

32 minutes ago, Spartan said:

i told ya...market doesnt like Bernie...

 

[VictoryTDP]

Just now, tacobell fan said:

 

Short-lived happiness for fiden thaatha