U.S. Stock Futures Rise as Congress Certifies Biden’s Presidency

Effort backed by Trump loses support after mob disruption
Stocks rose in cash session after Democrats won Congress

Demonstrators walk through the U.S. Capitol after breaching barricades during a protest on Jan. 6.Photographer: Victor J. Blue/Bloomberg

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By Katie Greifeld

January 6, 2021 at 11:05 PM UTC

Updated on

January 7, 2021 at 9:20 AM UTC

This article is for subscribers only.

U.S. stock futures rose as Joe Biden was formally recognized by Congress as the next U.S. president after police cleared out a mob that stormed the Capitol.

Contracts on the S&P 500 advanced 0.6% as of 9:01 a.m. in London. The U.S. Capitol was declared secure on Wednesday evening in Washington after law enforcement descended on it to quell chaos that had sent lawmakers scurrying for safety just two weeks before Biden is to be sworn in. Nasdaq 100 contracts climbed 0.7% and those on the Dow Jones Industrial Average were up 0.4%. European stocks added 0.3%, led higher by cyclical sectors.