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U.S. Stocks, Bonds Rally as Election Bets Retooled: Markets Wrap

  • 10-year yield sinks most since April, while gold prices slide
  • Mixed election results raises likelihood of a divided Congress
Bloomberg business news
WATCH: The dollar’s strength will fade in the medium term, according to UBS Wealth Management CIO Mark Haefele.Power: 2020 U.S. Presidential Election.” (Source: Bloomberg)
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Investors frantically bid up technology and drug stocks Wednesday, sending major averages to the biggest rallies in five months, as they grew more confident that the tightly contested outcome would ensure key elements of the bull market remain intact for years to come.