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NEW YORK (Reuters) -Stocks on Wall Street hit record levels on Thursday as investors bet a Democrat-controlled Congress will deliver more stimulus spending to help the U.S. economy overcome a steep pandemic-induced downturn.
The Dow, S&P 500 and Nasdaq all set new highs amid growing calls for President Donald Trump’s removal, one day after Trump supporters stormed the U.S. Capitol in a harrowing assault on American democracy.
U.S. House Speaker Nancy Pelosi urged Trump’s immediate removal from office. President-elect Joe Biden accused Trump of fomenting violence and said Wednesday was one of the darkest days in U.S. history.
Read more about Market Ahead, January 8: Top factors that could guide markets today on Business Standard. Five companies, inclusing TCS, are set to report their December quarter results today. The Tata Group company is expected to post a robust performance in Q3
Canopy Growth confident it will enter U S market within a year: CEO - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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NEW YORK (Reuters) -Global stock indexes were mostly higher and 10-year U.S. Treasury yields topped 1% for the first time since March but stocks ended off session highs after hundreds of protesters stormed the U.S. Capitol and sought to force Congress to undo President Donald Trump’s election loss.
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The gains followed results from Tuesday’s runoff elections in Georgia that by late in the day gave Democrats control of the U.S. Senate. The Dow and S&P 500 ended up and the Nasdaq finished lower.
The sweep of the two Senate seats up for grabs in Georgia gave the Democratic Party control of both houses of Congress and boosted the prospects for President-elect Joe Biden’s legislative agenda.
Dive Brief:
A Democrat-controlled Congress paired with President-elect Joe Biden creates a favorable environment for continued utility investment in clean energy resources, analysts say.
Democrats will have a slim majority in the House and even slimmer in the Senate, but their control increases the potential for clean energy and climate legislation, according to stakeholders. The administration s priorities on green infrastructure will lead to greater opportunities for clean energy investments, analysts say. In response, renewables and energy storage companies stocks including Sunrun, Tesla, Bloom Energy, Eos Energy and First Solar soared Wednesday and Thursday.
But other parts of the power sector may not fare as well under the new setup in Washington. There is some risk to investments in gas infrastructure, for example, note other analysts. Meanwhile, analysts are also keeping an eye on how potentially higher corporate taxes, which could come in the new Congress, may impact