And now, the race for US presidency is on! Americans are now heading to polling places to cast their votes. It is either Obama or McCain! Both are believed to have powers to push up the deteriorating US economy. Let us see if the US stock market has changed even before the election commence.
Stocks rallied last week at the end of one of the worst months in Wall Street history. For the week, the Dow was up 10.1%, the S&P 500 was up 9.5% and the Nasdaq had gained 9.8%.
"The election has been a source of worry for the market, so you're getting some relief that it's finally here," said Michael Church, senior portfolio manager at Church Capital.
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