Wall Street was set to open higher after the election of Joe Biden.
NEW YORK: US markets appeared ready to welcome the election of Joe Biden, with futures for the major New York Stock Exchange indices rising on Sunday evening ahead of the week’s trading.
At around 7.15am, futures contracts for December on the Dow Jones appreciated by 0.99%, on the Nasdaq by 1.28% and on the S&P 500 by 1.02%.
Futures contracts generally provide the direction that the financial markets take when trading opens.
Wall Street stocks on Friday had finished their best week in months as Biden inched closer to victory in the election against Donald Trump.
The broad-based S&P 500 closed up 7.3% for the week, its best since April.
The recent rally had been built on the assumption of Biden winning the White House and Democrats…
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