The stock market rallied Wednesday, with the Dow Jones industrial average closing at a record high. But the most consequential political news for investors came out of the Georgia Senate runoff elections, which Democrats swept, delivering the party control of the chamber. Investors interpreted the development as boosting the likelihood of more emergency relief spending from Washington. "The government coming in is going to secure more stimulus, and printing money and passing it out is good for stocks," says Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.
NEWS & COMMENTARY
WASHINGTON POST: The Finance 202: Stock Market Rallies Despite Violent Chaos Engulfing the Capitol
January 07, 2021
