The country's capital market has not been ignited by such a big clash in the US Congress Capitol building. At the end of trading on Wednesday, the Dow Jones index rose to 31,000 points for the first time in history. Among the other two indices, the S&P 500 rose, but the Nasdaq fell.
Hundreds of Trump supporters stormed the Capitol building on Wednesday. A joint session of Congress was underway at the time to officially certify Joe Biden's victory. The attack was aimed at reversing the outcome of Trump's election defeat.
So far four people, including a woman, have been killed in the incident. 'Emperor Nero is playing the flute when Rome is burning' - such a situation happened in many stock markets yesterday. No such effect was seen on Wall Street in the Capitol building. This information has come up in a report of the US media CNN.
Market analysts say investors are more concerned with the future than with the current situation. They think, what is in front. Their main concern is how much economic impact the future will have on the organization they are investing in. As he said, yesterday's incident went in favor of the Democrats.
What the economic agenda might be has become clear to Joe Biden through this incident. It has also become clear that more incentives are needed to protect the economy from the effects of the epidemic.
Investors are optimistic about the Biden administration's incentives, even if taxes may rise in the future.
In addition, one of Biden's election promises is to invest heavily in infrastructure and renewable energy. Through which many job opportunities will be created.
The market will expand in the industrial sector. In these analyzes, the share price of this sector increased yesterday. Banking and financial sector share prices have also risen.
The technology-based Nasdaq index, however, was negative yesterday. One of the reasons was Trump's decision. Last Tuesday, Trump signed an executive order banning transactions through eight Chinese apps.
The executive order said the decision would take effect in the next 45 days. These are being banned as a threat to national security. And because of this, the share price of the technology sector has decreased yesterday.