The Dow continues to rise today. It soared more than 300 points as investors watched the results of the second-round senatorial election in Georgia.
As of 22.19 GMT, the Dow Jones Industrial Average stood at 30,733.15, plus 341.55 points or 1.12%.
Banking stocks soared today After 10-year US Treasury yields surged above 1%, rising interest rates boost banking performance.
However, technology stocks plunged. Because investors worry that if Democrats dominate the majority in Congress. Will lead to the issuance of measures to adjust the tax rate And issue regulations to control companies in the technology group
Mrs. Kelly Loflur and Mr. David Purdue of Republicans. Ruled as Senator in Georgia at the moment. If both are able to maintain their seats in this election It will allow Republicans to continue to dominate the majority in the Senate. With 52 votes to 48 votes
However, if Mrs. Lofleur And Mr. Purdew Lost to Raphael Warnock and Democratic nominee Joan Ossoff The Democrats will also be able to dominate the majority in the Senate. With 50 votes to 50 votes, including one vote from Mrs. Kamala Harris that the US Vice President Which will be able to vote as President of the Senate by office. To make a decision in the event that Senators have equal votes in any motion
Recently, the media reported that Mr. Warnock can now win over Mrs. Laufleur. While Mr Ossoff’s score still leads Purdue more than 16,000.
If Democrats win this election By seizing both Georgia senators’ positions, the party will have the right to dominate both the White House, the Senate and the House of Representatives. This will facilitate a new round of stimulus measures to mitigate the effects of COVID-19. But it also made it easier to push forward the corporate income tax hike under Joe Biden’s government. This will affect the performance of companies listed on Wall Street.
Investors will also keep an eye on Congress, which will announce the winners of the US presidential election today. The meeting will begin at 1:00 pm US time. Or tonight at 1am Thai time
Congress will hold a joint meeting of the Senate and House of Representatives today to count the results of the presidential elections from the electorate. By Vice President Mike Pence as President of the Senate by office. Will chair such meeting And will announce the official vote counting results Those who receive at least 270 votes from the 538 electorate will be the new president. Before entering the swearing ceremony on January 20.
In the past, the presidential electoral vote counted by the congressional electorate had little to no public attention. This is because those who have lost the US presidential election will often admit defeat after the election. But not in this election Because President Donald Trump is still trying to block the announcement to Mr. Joe. Biden was the winner of the election. Claiming that there was election fraud Even without evidence to confirm in any way
Mr. Pence will be most watched at today’s meeting on how he will handle it. Amid pressure from both inside and outside the parliament President Trump pressured him to use his power as chairman of the meeting to suppress Biden’s victory. He has no power to change the results of the presidential election on 3 Nov 2020.
Pence also faced pressure from a group of Trump supporters who had gathered outside the parliament to oppose Biden’s victory declaration.
Meanwhile, 11 members of the US Senate from Republicans. Under the leadership of Texas Senator Ted Cruz. In addition, a number of Republican House of Representatives have gathered to declare their stance against Biden’s endorsement of the presidential election victory. He also called for the establishment of a committee to investigate allegations of defrauding the US presidential election. The members of the Congress are preparing to vote against today’s meeting.
However, experts said The turbulent Republican meeting today will not prevent Biden from declaring the winner of the presidential election. It will only cause the meeting to be interrupted. And may delay until tomorrow
Today’s US economic figures released, Automatic Data Processing, Inc. (ADP) and Moody’s Analyst, said US private sector employment dropped 123,000 in December. . This is the first drop since April. And contrary to analysts’ expectations for an 88,000 increase.
In addition, ADP has lowered the number of private sector employment in November to 304,000 jobs from 307,000 previously reported.
Employment slowing in December was hit by lockdown measures. Which caused the business sector to close business And lay off many employees Amid the spread of the COVID-19 virus
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