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The Dow Jones was up a marginal 0.12 percent to 27,512.83 points at the opening and was able to gain significantly over the year. It has passed the 28,000-meter mark. At close of trading, it was ultimately 1.34% higher at 27,847.93 points.
Despite the still largely unclear outcome of the US presidential election, US equity markets continued their clear recovery path on Wednesday. In the previous period, the Brsians feared the scenario of a suspended game with an enthralling electoral result and possible legal challenges. The list of winners was topped by technology and healthcare titles.
In the duel between Republican President Donald Trump and his Democratic challenger Joe Biden, no decision has yet been made. It also caused irritation that Trump declared himself the winner despite the ongoing vote count and threatened to go to the US Supreme Court to stop another vote count due to the delay in the election results.
The few corporate news in the shadow of election crime caused significant price changes. For example, Uber and Lyft stock sometimes jumped to double digits after Californians overturned a law in a referendum that gave Uber and Lyft drivers employee status. The driving service brokers had announced that they would cease operations in the state, or at least restrict them if it remained in place.
But the bird shot down Biogen’s stock. Positive statements from FDA circles on the effects of an Alzheimer’s drug have catapulted inventories by more than 40% to their all-time high since early February. While two studies with the active ingredient aducanumab had produced contradictory results, FDA staff said Wednesday that the effect in one study was “robust and extremely convincing.” This was taken as an indication that the authorities could approve the product.
Editing of Finanzen.net / dpa-AFX
Image sources: onairda / Shutterstock.com, Vacclav / Shutterstock.com
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