News and Insights | Harris Fraser

News and Insights

14 Dec 2020

U.S. – Looking past the elections

Straight off the start of the month, the US equity markets staged an unbelievable rally. Election uncertainties dissipated early on, fuelling market optimism based on anticipated clarity in policy direction. Equities saw further boost from vaccine breakthroughs, which boosted traditional economy sectors as investors grew more optimistic on a return to normal, the S&P 500, Dow Jones, and NASDAQ gained 10.75%, 11.84%, and 11.80% in November respectively.