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The Dow Jones Industrial Average closed at a record high on Wednesday as the U.S. Capitol was locked down after supporters of President Donald Trump stormed barricades and breached the building.
President-elect Joe Biden condemned the mob attack on Trump supporters on the US Capitol, saying “our democracy is under unprecedented attack.”
“I call on President Trump to go on national television now to fulfill his oath, defend the Constitution and demand an end to this siege.”
Trump had previously called on his supporters to “stay peaceful,” but he did not urge them to disperse, the PA reported.
Vice President Mike Pence had been escorted out of the Senate as the Electoral College vote counting for President-elect Joe Biden’s victory.
Washington Mayor Muriel Bowser declared a curfew in the district from 6 p.m. to 6 a.m. Thursday.
The Associated Press reported that the DC National Guard was activated for duties that may include assisting with the enforcement of the curfew.
Senate Minority Leader Chuck Schumer and House Majority Leader Nancy Pelosi issued a joint statement calling on Trump to “demand that all protesters immediately leave the U.S. Capitol and Capitol grounds.” AP reported.
Several Republican lawmakers have called on Trump to call for an end to the violence, NBC reported.
“Mister President @realDonaldTrump the men and women of the police are attacked. It is essential that you help restore order by sending in resources to help the police and asking those who do this to withdraw, ”tweeted Senator Marco Rubio, R-Fla.
The Dow closed 437 points, or 1.44%, higher at 30,829 and the S&P 500 gained 0.57% to 3,748.
The Dow and the S&P 500 both hit record intraday highs.
The Nasdaq finished down 0.61% at 12,740 after falling sharply earlier in the session over fears that big tech companies could face tougher antitrust scrutiny under a Congress controlled by the Democratic Party.
The Rev. Raphael Warnock, a Democrat, defeated Republican Senator Kelly Loeffler in Georgia, winning one of two rounds of the Senate in the state.
And the PA called the other second-round race in Georgia for Democrat Jon Ossoff against Republican Senator David Perdue.
The yield on the benchmark 10-year US Treasury bill hit 1% for the first time since March.
Elections in Georgia gave Democrats control of Congress and allowed them to advance President-elect Joe Biden’s legislative agenda.
Democrats in the Senate are on a par with Republicans, allowing Vice President-elect Kamala Harris to cast the deciding vote in any 50-50 draw.
Analysts believe that a shift to Democrats could lead to more fiscal stimulus and higher taxes. A single Republican victory in Georgia would have given the GOP enough voice to prevent Biden from pursuing his more ambitious trade, energy and security policies.
“The stock markets have been trending higher for the past few months, and it is more likely that we will see a sector rotation within the market rather than a sustained sell-off as the result of Democrats taking full control of the government,” he said. said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
Federal Reserve officials, in the minutes of its December meeting, unanimously supported maintaining the pace of central bank bond purchases.
“All participants felt that it would be appropriate to continue these purchases at least at the current rate, and almost all preferred to maintain the current composition of purchases,” according to the minutes of the meeting.
The private payroll of U.S. companies unexpectedly fell by 123,000 in December, the first drop since April, as the coronavirus pandemic dampened hiring, especially in the leisure and hospitality and hospitality sectors. retail.
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