– Advertisement – “The market is now pricing in a Biden presidency with a Republican Senate, and the rotation that we saw was based on that,” Levine said. “And if there’s an increasing risk that that’s not the case for the Senate, then this entire move could also be somewhat at risk as well.”Levine also said that the strength of tech stocks was due in part to their strong earnings performance and resiliency in the case of new economic restrictions in the United States during the winter to slow the spread of the coronavirus.Republicans have filed a flurry of legal challenges in several states related to the ongoing vote counts, and the Trump campaign said it will request a recount in Wisconsin. The Biden campaign, meanwhile, has called for all votes to be counted.“Democracy’s sometimes messy. It sometime requires a little patience as well,” the former vice president in a short speech in Delaware on Thursday, adding that he was confident his ticket would be declared the winner once all the votes are counted.On the economic front, Friday will bring a fresh look at the labor market for investors, with the Labor Department’s October jobs reported scheduled to be released before the bell. The report comes on the heels of disappoint readings for ADP private payrolls and initial jobless claims. U.S. stock futures were flat on Thursday evening as Wall Street eyed its best week since April even as the results of the presidential election remained unclear.Futures tied to the Dow Jones Industrial Average lost 1 point, while those for the S&P 500 and the Nasdaq-100 were basically flat.The three indexes notched their fourth-straight positive session on Thursday and were on track for their best week since April 9. The S&P 500 and the Dow are up 7% so far this week. The tech-heavy Nasdaq Composite has led the way with a nearly 9% gain. The sharp rally follows a slump in the prior week.- Advertisement – The surge in stocks has come despite lingering uncertainty about the outcome of Tuesday’s election. Democratic nominee Joe Biden leads with 253 electoral votes, according to NBC News projections, while President Donald Trump has 214. Votes are still being counted in several key states including Nevada, Arizona, Pennsylvania and Georgia.Victories by Republicans in several key Senate races, thus lowering the odds of a “blue wave” and potential higher taxes and stronger regulations, have been cited by Wall Street strategists as a reason for the rally in tech stocks. However, the Republicans have not yet won the necessary seats to control the Senate, according to NBC News projections, with two potential run-off elections in Georgia.Alicia Levine, chief strategist at BNY Mellon Investment Management, said that the possibility of Democrats winning narrow control of the Senate was one of the major risks not priced into the market even if the runoffs wouldn’t necessarily cause the markets to dip.- Advertisement – – Advertisement – Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020.NYSE
PALLEKELE, Sri Lanka (CMC) – Vice-captain Vishaul Singh struck a career-best fifth first-class century to spearhead a massive West Indies A batting effort on the second day of the second four-day ‘Test’ against Sri Lanka A here Tuesday.Unbeaten on 81 overnight at the Pallekele International Cricket Stadium, the left-hander carved out a superb 161 to lift West Indies to 509 for nine declared in their first innings.Opener Rajendra Chandrika, who had retired hurt on 51 on Tuesday’s opening day, returned to make 84 while tail-ender Kemar Roach chipped in with 39.At the close, captain Dimuth Karunaratne was holding the hosts’ innings together with an unbeaten 66 as they reached 128 for four – still 381 runs behind heading into today’s penultimate day.Wicketkeeper Niroshan Dickwella was not out on 38 and has so far put on 91 for the fifth wicket with Karunartne, a partnership which pulled Sri Lanka A around from danger at 37 for four.Seamer Roach trapped Avishka Fernando lbw for seven at 19 for one and Test batsman Lahiru Thirimanne followed for three, at 32 for two, when he was caught at the wicket off fast bowler Keon Joseph, who has taken two for four from four overs.Joseph removed Roshen Silva for a first-ball duck at 36 for three and with a run added, Charith Asalanka was lbw to off-spinner Rahkeem Cornwall for one.However, first ‘Test’ century-maker Karunaratne produced yet another excellent innings to stave off the collapse, facing 124 deliveries and counting 12 fours while Dickwella has struck two fours in his 65-ball knock.Earlier, resuming from their overnight 331 for five, West Indies A flourished thanks to the Guyanese pair of Vishaul and Chandrika who put on 54 for the sixth wicket.While Vishaul faced 306 deliveries and struck 16 fours, Chandrika hit nine boundaries off 84 balls, falling with his second first-class century in sight, when he was lbw to leg-spinner Jeffrey Vandersay.Vishaul, who reached triple figures 40 minutes before lunch, then added a further 90 for the seventh wicket with Roach, who hit four fours and two sixes in his 80-ball stay at the crease.The partnership took West Indies to lunch at 410 for six and helped the visitors increase their dominance in the second session, before Roach finally departed, an hour after the resumption.Off-spinner Charith Asalanka was the best bowler with four for 104.WEST INDIES 1st innings (o/n 331 for five)R. Chandrika lbw b Vandersay 84K. Powell c wkp.. Dickwella b Anuk Fernando 29S. Hetmyer b Asalanka 48S. Brooks c wkp. Dickwella b Kumara 3V Singh b Asalanka 161J. Hamilton run-out 99R. Cornwall lbw b Karunaratne 1K. Roach c Avishka Fernando b Asalanka 39G. Motie-Kanhai lbw b Asalanka 9D. Johnson not out 8Extras: (b-8, lb-3, w-9, nb-8) 28Total: (9 wkts decl., 137.4 overs) 509Fall of wickets: 1-52, 2-120, 3-140, 4-328, 5-331, 6-385, 7-475, 8-494, 9-509.Bowling: Asitha Fernando 19-2-63-0 (w-2), Kumara 20-2-78-1 (w-1, nb-2), Anuk Fernando 13-0-76-1 (w-6, nb-4), Vandersay 31-2-110-1, Gunaratne 17-3-61-0 (nb-2), Asalanka 33.4-7-104-4, Karunaratne 4-2-6-1.SRI LANKA 1st inningsD. Karunaratne not out 66Avishka Fernando lbw b Roach 7L. Thirimanne c wkp. Hamilton b Joseph 3R. Silva c Brooks b Joseph 0K. Asalanka lbw b Cornwall 1N. Dickwella not out 38Extras: (b-8, lb-4, nb-1) 13Total: (4 wkts, 40 overs) 128Fall of wickets: 1-19, 2-32, 3-36, 4-37.Bowling: Roach 8-3-18-1, Johnson 8-3-25-0, Cornwall 14-3-38-1, Joseph 4-1-4-2 (nb-1), Motie-Kanhai 6-0-31-0.Position: Sri Lanka A trail by 381 runs with six wickets intact.Toss: Sri Lanka A.Umpires: N. de Silva, R. Kottahachchi.
A DAY of exciting doubles culminated last evening with the Guyanese pair of Jody-Ann Blake and Trenace Lowe battling to a second-place finish in the final of the Women’s doubles, a part of the 61st Senior Caribbean Table Tennis Championships, which is currently being played at Cliff Anderson Sports Hall.Along with silver from Lowe and Blake, the host nation recorded two more medals yesterday. Lowe and Christopher Franklin finished with a Mixed doubles bronze after making it to the semi-final of that competition. Joel Alleyne and Nigel Bryan finished with a bronze in the Men’s doubles.Both bronze medal games were close battles. The two Guyanese captains, Lowe and Franklin, had the best chance of advancing to another final.The pair were actually ahead at 10-8 in the fifth set, but the Dominicans, Esmerlyn Castro and Isaac Vila, rallied back to close the game at 12-10. Incidentally, the same pair won the finals of the competition later in the night against Cubans Livan Martinez and Carrazana Fonseca.Jody-Ann Blake (right) goes for the kill during the women’s final last night.In the quarter-final, Franklin and Lowe had defeated the Barbados pair of Mark Dowell and Anthonette Riley (11-5, 11-6, 11-6).Guyana’s other strong teams in the competition were knocked out in the quarterfinals. Dominicans Santos Emil and Eva Brito defeated Bryan and Blake 3-1, while Joel Alleyne and Nathalie Cummings lost to Martinez and Fonseca by a similar margin.Meanwhile the pair of Bryan and Alleyne lost to Emil Santos and Samuel Galvez 3-1 in the Men’s semi-finals last night.The visitors stormed to an 11-6 win in the opener, but then the Guyanese pair, led by a pumped-up Alleyne rallied back to score six unanswered points.They closed that game at 11-6 after leading 9-3. In the third game, the home team led briefly before the Dominicans stormed back to an 11-7 win. The visitors looked set to finish the match with the score at 10-6 in the fourth game, but the local pair rallied back and scored three unanswered points before an unforced serving error by Bryan ended the battle.In the final, Dominicans Brito and Castro (who had just finished the Mixed doubles final) were able to muscle past Lowe and Blake 3-0 (11-6, 11-7, 11-8).Today the competition continues with the U-21 and Masters competitions.