FTSE 100 LIVE: London stocks rocket as investors snap up big tech amid US election chaos
US stocks climbed up again on Thursday as Democratic candidate Joe Biden leads in the polls against Donald Trump. The Dow Jones jumped by 1.7 percent while the S&P 500 rose by 2 percent.
The UK’s FTSE 100 increased by 0.5 percent on Thursday to 5,911 points, approximately a two-week high for the exchange.
Edward Moya told City AM: “US stocks continue to ride the unwinding of ‘blue wave’ bets, sending big-tech and healthcare stocks sharply higher.
“It seems Congress will be divided.”
He added: “Wall Street does not have to plan for corporate tax hikes, single-payer healthcare, sweeping clean energy initiatives, and massive infrastructure spending.”
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