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Biden win lifts world stocks to record peak; dollar fades

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The results delcaring Joe Biden the U.S. president-elect sent world stocks hit a record high on Monday. However, according to Reuters, the U.S. dollar stayed weak from expectations of better global trade ties and more monetary stimulus.

The report reviewed the MSCI world equity index, which tracks shares in 49 countries, rose 0.5% to a record high, as well as gains in the S&P 500.

Read more from Reuters.

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jfaught@regalplastic.com

Biden's win had nothing to do with the rise in the stock market. Had everything to do with the possibility of a vaccine that Donald Trump fast tracked.

Monday, November 9, 2020
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