US opens higher as Electoral College confirms Biden's win

Tuesday, 15. December 2020 15:30

Shares on the major stock market indexes in the United States traded in the green at the beginning of Tuesday's session, after the US Electoral College confirmed that Joe Biden has won the presidential race.

The traders also digested upbeat news coming from the COVID-19 vaccine front. After having approved Pfizer's coronavirus jab, the US Food and Drug Administration (FDA) hinted that Moderna's COVID vaccine candidate could be granted the emergency use approval soon.

The Dow Jones Industrial Average jumped 0.59% or 175 points at the open with Apple up 4.06% at 9:31 am ET. The Nasdaq 100 soared 0.81% at the opening bell as Skyworks Solutions advanced 3.96%. As the session started, the S&P 500 rose by 0.74%. The euro stood flat versus the dollar, selling for 1.21510 at 9:28 am ET.

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