Markets rise as Democrats sweep midterms — Dow jumps more than 1200 points

Developing story first seen 2 hours ago

New York Post · 2 hours ago

The Dow rose more than 1,200 points as US stocks rallied after Democrats won control of both chambers of Congress, with Donald Trump still in the White House. Analysts said political gridlock could limit major policy shifts and help reduce uncertainty for investors.

The S&P 500 gained 1.7% and the Nasdaq Composite rose 2.1%. Oil prices slipped, with Brent down 0.7% to $102.87 a barrel and US crude down 0.2% to $94.97; technology markets remained unsettled over data centre policy, while Japan’s Nikkei fell as much as 4.8%.

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In short

The Dow climbed more than 1,200 points after the Democratic sweep.
Analysts said gridlock could constrain major policy changes.
Oil fell, while Asian technology shares faced pressure.

How this story developed

23 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.
59 minutes ago The Dow rose more than 1,200 points as US stocks rallied after Democrats won control of both chambers of Congress, with Donald Trump still in the White House. Analysts said political gridlock could limit major policy shifts and help reduce uncertainty for investors.