US stocks rise after midterm elections
Economy · First reported 4 Nov, 16:22 · Updated 17:04
US stock indexes climbed in Wednesday trading after the midterm elections, with one report attributing the rally to investors’ welcome for reduced political uncertainty. The coverage also notes varied moves among technology shares and flags possible regulatory implications for data-centre companies.
- The Dow rose about 2.3%, the Nasdaq about 2.5%, and the S&P 500 more than 1.5%; the FTSE 100 gained nearly 2%.
- An investment expert cited the removal of pre-election uncertainty and Trump not contesting the result as factors behind the market rise.
- The report said some technology shares fell while Amazon and Microsoft rose, and raised the possibility that Democrats could push for greater restrictions on data-centre construction.
Summary written by Lux AI from 2 articles
Key facts
- Dow Jones
- Up around 2.3%, or about 1,200 points, in Wednesday trading.
- Nasdaq
- Up around 2.5%.
- S&P 500
- Up more than 1.5%.
- FTSE 100
- Up nearly 2% on Wednesday afternoon.
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Background
- An earlier story said House Democrats appeared headed for a sweeping midterm victory and reported Hakeem Jeffries’s pledge to pursue accountability and focus on affordability. [3266e081-ef8c-4e39-a7e1-089bea971017]
- Earlier coverage described candidates projected or reported to make historic gains in gubernatorial races, including firsts involving Black, Native American, Latina and women governors. [2352f89b-1a75-4f8e-8070-a188ef50e513]
All coverage
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Ownership
- Billionaire 50% (1)
- Unknown 50% (1)
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