Global Market Square
Trump Supporters Storm Capitol; Georgia has 2 new Democratic Senators; and Wall Street Closes with Mixed Results
The U.S. stock market closed the session with mixed results. The main factor Wednesday was the Georgia runoff Senate races, which were won by Democrats; thus, Republicans lost the Senate majority. The market also reacted to violent protesters in Washington who laid siege to the Capitol.
The first sector affected by the news of Democrats winning control of the Senate was the tech-heavy Nasdaq, which fell over concerns over an increased regulatory regime in a Democratic-controlled Congress.
Another economic benchmark, the ADP payroll report, fell 123,000 in December, highlighting the economic impact of the surge in COVID-19 cases.
We found appalling President Trump’s allegations that he somehow “won” the election, and in a rally Wednesday encouraged his followers to fight. Let’s take a look at the facts.
- Popular Vote- is defined as the U.S. citizens voting personally or by mail for the presidential candidates.
- Trump: 74,222,593
- Joe Biden: 81,281,502
- The difference in Biden’s favor: 7,058,909
- Electoral College- in the U.S. is a body of people representing the states, with 270 votes needed to win.
- Trump: 232
- Biden: 306
- Biden surpassed the 270 Electoral College votes needed by 26, or 74 over Trump.
- Percentage of Popular Vote:
- Trump: 46.9%
- Biden: 51.4%
- Biden ahead by 4.5%.
- U.S. states presidential vote certification: All 50 states certified the voting results, declaring Biden the president-elect.
- Trump filed and lost more than 60 presidential election lawsuits. Even the Supreme Court decided in favor of Biden.
- Before stepping down, Attorney General William Barr stated that there was no such election fraud scheme.
In conclusion, the only person claiming voter fraud and that he won the election was Trump. He has made more than 23,000 false or misleading claims while in office, an average of 50 lies a day. Twitter blocked his account Wednesday.
All in all, this has to the saddest period in U.S. democracy.
Wall Street summary for Jan. 6:
- The Dow Jones Industrial Average closed 30,829.40, up 437.50 points, or 1.44%.
- The Standard & Poor’s 500 closed at 3,748.14, up 21.28 points, or 0.71%.
- The Nasdaq Composite Index closed at 12,740.74, down 78.17 points, or 0.51%.
- The Birling Capital Puerto Rico Stock Index closed at 2,004.87, up 4.56 points, or 0.23%.
- The U.S. Treasury 10-year note closed at 1.04%
- The U.S. Treasury 2-year note closed at 0.14%