Economy
US Stocks Rally Following Midterm Election Results
Livemint1h
THE BRIEF
1
US markets rallied on Wednesday as investors responded to midterm election results showing Democrats poised to take control of both the Senate and House.
2
The Dow Jones Industrial Average climbed 1,178 points, or 2.3%, while the S&P 500 rose 1.2% in early trading following the election outcomes.
3
While solar-power stocks surged, shares of Trump Media and Elon Musk-owned companies including Tesla and SpaceX fell amid uncertainty over future regulatory environments.