Name: Wall Street jumps on bets for split Congress
Uploaded: 2020-11-06T18:52:06.000Z
Duration: 1 min 35 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

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investors bought stocks across the board Thursday, betting that the Republicans would keep control of the Senate that they figure would block any big policy changes that could hurt corporate profits under a possible Joe Biden administration.

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The markets rose for the fourth straight day, with the S and P gaining 7% and the NASDAQ up nearly 9% during that span.

Once again, tech stocks were among the leading climbers.

Cross Mark Global Investments chief market strategist Victoria Fernandez.

People going back into the tech stocks that perhaps they had sold in order to avoid higher gains taxes that potentially were coming.

And obviously with health care without a blue wave, there is a sense that some of these health care stocks will continue to do better going forward.

And stocks got additional support from the Fed.

The central bank again pledged to do whatever it takes to sustain an economy damaged by the health crisis.

The NASDAQ spurted 2.6% higher, The Dow and S and P 500 each gained nearly 2%.

Qualcomm jumped almost 13% making it the top gainer on the S and P.

The chipmaker forecast quarterly revenue that topped analyst estimates.

The company, which invested heavily in five G technology, said it sees strong growth for five G smartphones next year.

 Materials, the day's top performing sector driven by shares of Lindy, the industrial gas company, hiked its full year earnings forecast and said it plans to invest in hydrogen. 