Page 3 - Tim Chubb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

* Asia equities gain on U.S. stimulus hopes, bonds and dollar sold

Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say.

Synopsis "It hasn't been a sharp market drop. There have been buyers coming in as well. This is a bit shocking visually to see this unfold on television," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. Reuters "There will be beneficiaries of a Democratic sweep and there are companies in the Nasdaq - technology and healthcare - that could potentially face some short-term headwinds when it comes to higher taxes and more regulation, impacting their bottom lines," said Tim Chubb, chief investment officer at GIRARD in West Chester, Pennsylvania. NEW YORK: The Dow ...

Financials hit a 1-year high, while materials, industrial and energy sectors climbed over 1%. Banks shares jumped about 5%, tracking a sharp rise in the benchmark 10-year U.S. Treasury yield. [US/] Democrats won one U.S. Senate race in Georgia and led in another, moving closer to a sweep in a deep South state that would give them control of Congress and the power to advance President-elect Joe Biden’s policy goals. A final outcome is not expected until later on Wednesday. “There will be beneficiaries of a Democratic sweep and there are companies in the Nasdaq – technology and healthcare...