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first_img– 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 –center_img – Advertisement – Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020.NYSElast_img read more

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditBethune-Cookman (12-12, 6-4) vs. Maryland Eastern Shore (3-21, 2-7)William P Hytche Athletic Center, Princess Anne, Maryland; Saturday, 4 p.m. ESTBOTTOM LINE: MEAC foes meet as Bethune-Cookman squares off against Maryland Eastern Shore. Both teams last played this past Monday. Bethune-Cookman won easily 87-68 at home against Howard, while Maryland Eastern Shore is coming off of a 68-67 overtime loss at Coppin State. VETERAN PRESENCE: Both of these teams have relied heavily on their seniors this year. AJ Cheeseman, Da’Shawn Phillip and Ahmad Frost have combined to account for 36 percent of Maryland Eastern Shore’s scoring this season and 49 percent of the team’s points over its last five games. For Bethune-Cookman, Isaiah Bailey, Cletrell Pope, Malik Maitland, Wali Parks and Leon Redd have combined to account for 70 percent of all Bethune-Cookman scoring, including 74 percent of the team’s points over its last five games.RAMPING IT UP: The Hawks have scored 59.8 points per game and allowed 67.4 points per game across nine conference games. Those figures both represent moves in the right direction from the 66.5 points scored and 76.4 points allowed per game to non-conference opponents.BRILLIANT BAILEY: Bailey has connected on 29.5 percent of the 44 3-pointers he’s attempted and has made 5 of 10 over his last five games. He’s also converted 78.3 percent of his foul shots this season.YET TO WIN: The Wildcats are 0-6 when they score 65 points or fewer and 12-6 when they exceed 65 points. The Hawks are 0-21 when they fail to score more than 67 points and 3-0 on the season, otherwise.COLD SPELL: Maryland Eastern Shore has lost its last three home games, scoring an average of 55.7 points while giving up 72.DID YOU KNOW: Bethune-Cookman has attempted 23.4 free throws per game this season, the 15th-highest rate in the country. Maryland Eastern Shore has gotten to the line far less frequently and is averaging only 14 foul shots per game (ranked 286th, nationally). Associated Press February 13, 2020center_img BCU, UMES meet in conference play ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more