With Democrat Joe Biden projected winner of the U.S. presidential election by major television networks on Saturday, many investors welcomed the news as good for markets but warned of continued volatility.
Republican President Donald Trump, who has made repeated claims of electoral fraud without providing evidence, immediately accused Biden of “rushing to falsely pose as the winner.”
Here is what investors said they will be focused on next:
* The Senate. All eyes are now on two runoffs expected in Georgia in January, which will determine who controls the upper chamber of Congress. Investors are weighing the impact that will have on a Biden administration’s ability to push through stimulus, regulation changes and any tax increases.