US stocks rise as Republicans hold the Senate, Democrats win house
Midterms: Democrats Flip House
Former Rep. Jason Chaffetz, (R-Utah), Benchmark Managing Partner Kevin Kelly and FBN Maria Bartiromo and McDowell's Day on the Effect of Midterms on House and Senate. [19659003] US Stocks rose Wednesday morning when investors put the uncertainty about the centers behind them.
Democrats took control of the house and the Republicans maintained control over the Senate, a situation that, according to history, is good for American shares. [19659004] According to Dow Jones Market Data, markets and election data are analyzing back to 1[ads1]970, this scenario is the best case for US stocks one year after a choice, with the broad S & P 500 index of 19.9 percent, on average one years later.
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Some investors were concerned that the Democrats would sweep the Republicans in tight races, in a so-called "blue wave", but not such a slurry. Democrats, especially those who were seen as potential presidential candidates in 2020, saw victory. Sen. Bernie Sanders from Vermont and Sen. Elizabeth Warren of Massachusetts won his race. FOX Business has covered the national and local economic and business issues affecting voters.
On Wednesday, as investors digest the results, many will also focus attention on the Federal Reserve, which begins its two-day November meeting. Although there is no expected change in interest rates, police are expected to increase prices in December
| Ticker | Security | Last | Change | % Chg |
|---|---|---|---|---|
| In: DJI | DOW JONES [19659014] 25853.02 | +218.01 | + 0.85% | |
| I: COMP | NASDAQ COMPOSITE INDEX | 7375.9644 | +47.11 | + 0.64% |
| SP500 [19659013] S & P 500 | 2755.45 | +17.14 | + 0.63% |
US shares climbed Tuesday. Dow Jones Industrial Average on got 173.31 points, the S & P 500 was up 17.14 points and the Nasdaq Composite climbed 47.11.
Fox Business Suzanne O & # 39; Halloran contributed to this article.
