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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
Do you know what the January effect is? And if you do know, do you think we’ll see it this January?
Think you know the answer? You can check it in the closing area down below!
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Though the New Year began with record highs on Wall Street, the market quickly tumbled, with the Dow Jones Industrial Average and the S&P 500 dropping 1.3% and 1.5%, respectively. Investors cited anxiety about today’s Senate runoff election in Georgia, as well as worries over the rampant virus cases, as the big causes behind the selloff.
Today Republican Senators David Perdue and Kelly Loeffler face off against Democratic challengers Jon Ossoff and Raphael Warnock in an election that will ultimately determine the tilt of Senate control.
Meanwhile, President Donald Trump announced his plan to “fight like hell” for reelection, asking for support from Republican lawmakers during the joint session of Congress tomorrow that would certify the Electoral College results. His supporters will protest on his behalf this evening and into tomorrow.
And England has entered a new national lockdown in an effort to contain the spread of the pandemic.
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Other Top Financial News
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Image Source: Reuters
Though it came a little late in the game, donors have given quite a large sum of money to Republican Senators Kelly Loeffler and David Perdue ahead of the runoff election today, a race that will determine the tilt of power in the Senate. Much of Joe Biden’s legislative priorities hinge on today’s results.
Perdue’s campaign recently received a minimum of 30 individual donations, each valued between $1,000 and $2,800. Loeffler, too, received a minimum of a dozen donations. Both senators found that this recent surge in money came from people in the financial or real estate industry.
Investors are concerned that a Democrat-concerned Senate would mean more regulations on Wall Street.
“It will be a money war,” a finance executive said back in November. “That said, many Wall Streeters like the split government.”
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Fredrick Frost
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