S&P 500 and Dow Have The Best Rally After An Election
According to observations by CNBC, US stocks closed broadly higher on Wednesday after the midterm election results came in about as expected, lifting a cloud of uncertainty that was weighing on the market.
The major averages reached their highest period after President Donald Trump showed signs that he is willing to work with Democrats on policies that would help the economy keep growing.
The Dow Jones Industrial Average ended up 2.13 percent, guided by rises in UnitedHealth and Apple. The S&P 500 increased 2.1 percent as health care, tech and consumer discretionary sectors each mustered more than 2.8 percent. The Nasdaq rose 2.6 percent to 7,570.75.
Democrats won control of the House of Representatives while Republicans retained their hold on the Senate. The results of the midterm elections has split up the Congress. Overall, stocks are doing relatively well after Congress is split and the White House is under Republican control.