Economy
Wall Street rallies as US midterm results spark hopes of political gridlock
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THE BRIEF
1
US stocks rose on Wednesday as Democratic midterm election gains raised investor hopes for a check on President Donald Trump's policy agenda alongside declining crude oil prices and bond yields.
2
The Dow Jones Industrial Average climbed 1,300 points or 2.5%, the S&P 500 surged 1.8%, and the Nasdaq Composite gained 2.4%, driven by strong gains among major technology stocks.
3
Democrats flipped at least seven Senate seats and secured House victories, while the benchmark 10-year Treasury yield dropped 3 basis points to 4.917%.