Bush win brings hope of stock market boom
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By Simon English, Malcolm Moore and Yvette Essen (Filed: 04/11/2004). Wall Street cheered the election victory of President George W Bush yesterday as investors bet lower taxes on profits would lead to a stock market boom.
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World stock markets and oil prices rallied as investors bet on victory by President George W. Bush, though fears of legal wrangling kept markets nervous while a dollar surge soon faded.
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Investors were optimistic that former general Susilo Bambang Yudhoyono has won a landslide victory in presidential elections and would kick-start needed economic reforms.
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Investors spent much of 2004 fretting over rising interest rates, surging oil prices and the presidential election. Analysts were more optimistic.
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Stocks surged on Friday after President Bush said he would help struggling subprime mortgage borrowers avoid foreclosure and with speculation rife about an interest rate cut next month after a speech by Federal Reserve Chairman Ben Bernanke.
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From Wall Street to Detroit, there were plenty of sighs of relief as it became clear that President Bush had won another term. As one auto executive said, &quot;Bush has been a good president to work with.
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The Boeing Co. and other defense stocks jumped higher Wednesday, buoyed by expectations that President Bush&#39;s re-election would benefit the sector.
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Stock futures signaled a surge on Wall Street at the open on Friday as investors bet President Bush would unveil a plan to help subprime mortgage borrowers and loosen credit conditions that have rattled financial markets for six weeks.
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NEW YORK  - Upbeat sentiment on Wall Street ahead of the year-end holidays sparked a rally that propelled the main blue-chip index to its best level since June 2001.
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Investors cheered President George W. Bush&#39;s re-election yesterday, but analysts caution that when the cheering stops, investors might refocus on real problems that could still hold back the economy and stocks.
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THE US stock market rose sharply on news that Mr George Bush was re-elected. On Wall Street, the Dow Jones climbed 101.32 points, or 1.01 per cent, to close at 10,137.
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SINGAPORE : Asian stocks rose Wednesday on indications that US President George W. Bush, whose trade and business policies are seen as more market friendly in the region, will be re-elected.
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On Thursday, President Bush thrilled Republican delegates in New York with his acceptance speech. On Friday morning, he got a welcome jobs report.
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The market may have been relieved over the resolution of the presidential race, but investors should be careful about rushing into sectors they think might do well in the second Bush administration: All may not be as it seems.
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The holidays are here, and investors are wondering: Will Santa put some jingle in their pockets this year? So far, so good. Since President George W. Bush&#39;s Nov. 2 reelection, the stock market has roared, sending
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George Bush received the best possible boost to the start of his second term yesterday when US payrolls rose at the fastest rate for seven months, well above the market&#39;s expectations.
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Stocks surged Wednesday, with the Dow Jones industrials posting triple-digit gains as investors expressed relief following Sen. John Kerry&#39;s concession to President Bush.