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Markets rise as Democrats sweep midterms — Dow jumps more than 1200 points
Developing story first seen 1 hour ago
US stocks rose sharply after Democrats won control of both chambers of Congress in the midterm elections, while Donald Trump remained president. Investors appeared to welcome the prospect of political gridlock, which analysts said could limit abrupt policy changes and reduce uncertainty for markets.
The Dow gained more than 1,200 points, the S&P 500 rose 1.7% and the Nasdaq Composite climbed 2.1%. Brent crude fell 0.7% to $102.87 a barrel and US WTI slipped 0.2% to $94.97. Technology shares had swung during the results, amid concern about data centre policy, while Japan’s Nikkei 225 fell as much as 4.8% and Taiwan Semiconductor Manufacturing Company shares dropped 1.5%.
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In short
- US shares rallied after Democrats took control of Congress.
- The Dow rose more than 1,200 points.
- Oil prices fell, while Asian technology shares weakened.
How this story developed
- 27 minutes ago US stocks rose sharply after Democrats won control of both chambers of Congress in the midterm elections, while Donald Trump remained president. Investors appeared to welcome the prospect of political gridlock, which analysts said could limit abrupt policy changes and reduce uncertainty for markets.
Where outlets differ
Left-leaning outlets 1
Only here: midterm, elections
Right-leaning outlets 1
Only here: midterms, jumps, points
Every side used: markets, rise, democrats, sweep
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Americas Business Elections Government Markets Politics World