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Squawk on the Street

The Morning After Election Day: Stocks Rally But Still No Winner In The Race For The White House

Carl Quintanilla, Jim Cramer and David Faber were all over the stock market's rally in reaction to Tuesday night's election results, which showed that neither President Trump nor his Democratic rival Joe Biden had secured enough electoral votes to win the presidency -- and that ballot counting would continue in several battleground states. The anchors explored what the presidential and congressional races could mean for the markets, including stocks in the health insurance sector -- the best post-election performer. Also on the election front: Uber and Lyft shares dramatically higher after California voters approved Proposition 22, which allows both companies and other "gig economy" firms to classify workers as independent contractors rather than employees.

Broadcast on:
04 Nov 2020

Carl Quintanilla, Jim Cramer and David Faber were all over the stock market's rally in reaction to Tuesday night's election results, which showed that neither President Trump nor his

Democratic rival Joe Biden had secured enough electoral votes to win the presidency -- and that ballot counting would continue in several battleground states. The anchors explored what the presidential and congressional

races could mean for the markets, including stocks in the health insurance sector -- the best post-election performer. Also on the election front: Uber and Lyft shares dramatically higher after California voters approved Proposition 22,

which allows both companies and other "gig economy" firms to classify workers as independent contractors rather than employees.