Dr. Jones Industrial Average closed to a record on Wednesday as the US Capitol was closed after supporters of President Donald Trump climbed past barricades.
Vice President Mike Pence was removed from the Senate floor during the counting of Electoral College votes certifying President-Elect Joe Biden’s victory.
Washington Mayor Mural Boeser announced a curfew in the district from 6 pm to 6 am Thursday.
The Associated Press reported that the DC National Guard was being activated for possible actions, including helping to enforce the curfew.
Senate Minority Leader Chuck Schumer and House Majority Leader Nancy Pelosi issued a joint statement on Trump “demanding that all demonstrators leave the US Capitol and Capitol grounds immediately,” the AP said.
Several Republican lawmakers called on Trump to end the violence, NBC reported.
“Mr President @realDonaldTrump Law enforcement men and women are subject to assault. It is important that you help restore order by sending resources to assist the police and ask those who do so to stand up, ”tweeted Sen. Marco Rubio, R-Fla.
Trump previously told his supporters “to remain calm”, but did not urge them to disperse, the AP reported.
The Dow rose 437 points, or 1.44%, to close at 30,829 and the S&P 500 rose 0.57% to 3,748 points.
Both the Dow and S&P 500 reached record intraday highs.
The Nasdaq ended 0.61% to 12,740 levels after falling sharply earlier in the session suggesting that large technology companies could face strict antitrust checks under Democratic-Party-controlled Congress.
Rev. Rafael Warnock, a Democrat, defeated Republican Sen. Kelly Loeffler in Georgia, winning one of two Senate runoff in the state.
And the AP has called other Georgia runoff races against Republican Sen. David Perdue for Democrat John Osoff.
For the first time since March, the yield on the benchmark 10-year US Treasury note fell by 1%.
The Georgia elections gave Democrats control of Congress and enabled them to advance the legislative agenda of President-elect Joe Biden.
Democrats in the Senate also step in with Republicans, enabling Vice President Elect Kamala Harris to vote decisively in any 50-50 tie.
Analysts say a swing for Democrats could lead to more fiscal stimulus and higher taxes. Just one Republican victory in Georgia would have given the GOP enough votes to prevent Biden from pursuing his more ambitious policies on trade, energy and security.
“Stock markets have been growing more for the past few months, and it is more likely that we see a sector rotation in the market, resulting in Democrats taking full control of the government,” said Chris Zaccarelli, Investing in the Independent Advisory Alliance Officer.
Federal Reserve officials, in the minutes of their meeting since December, unanimously supported the central bank’s pace of bond buying.
As per the minutes of the meeting, “all participants decided that it would be appropriate to continue those purchases at least at the current pace, and almost all would favor maintaining the current side of the purchase.”
Private salaries at US companies unexpectedly declined by 123,000 during December, the first decline since April as the coronovirus epidemic hit, particularly in the leisure and hospitality and retail industries.