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Stocks Gain, Dollar Dips Ahead of Election Outcome

From bnnbloomberg.ca

U.S. stocks capped their biggest two-day rally since September and Treasury yields rose on speculation that Congress will deliver a spending bill once the election is decided. The dollar weakened. The S&P 500 climbed nearly 2%, led by a surge in bank shares. Asian futures pointed to a mixed start to trading Wednesday. Democratic nominee Joe Biden leads President Donald Trump in the final polls, with some investors speculating his victory would bring a surge in federal spending. Treasuries fell and a gauge of the dollar dropped the most in more than three weeks. Oil extended Monday’s gains. Meanwhile, Alibaba ... (full story)

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