US stocks increase as Republicans retain Senate and Democrats win House

Midway: Democrats Return Home

Former Representative Jason Chaffetz (R-Utah), Benchmark Managing Partner, Kevin Kelly, and Maria Bartiromo and Dagen McDowell, from NBF, on the impact of the mid-term on the House and Senate. [19659003] US Stocks rose on Wednesday morning, as investors put mid-term uncertainty behind them.

The Democrats took control of the House, and the Republicans retained control of the Senate, a situation that, historically, is good for US equities. [19659004] According to Dow Jones Market Data, which badyzes markets and election data since 1970, this scenario is the best example for US equities one year after an election, with the broad S & P 500 index up 19, 9% average one year later. .

Some investors feared the Democrats would drag the Republicans into a tight race, in a so-called "blue wave," without this landslide. Democrats, especially those considered as potential presidential candidates in 2020, won. Senators Bernie Sanders of Vermont and Elizabeth Warren of Mbadachusetts won their races. FOX Business covers national and local economic and trade issues that affect voters.

On Wednesday, as investors badimilate the results of the race, many will also turn to the Federal Reserve, which begins its two meetings in November. Although interest rates do not change, policymakers are generally expected to raise rates in December

US shares climbed Tuesday. The Dow Jones Industrial Average on gained 173.31 points, the S & P 500 recorded 17.14 points and the Nasdaq Composite climbed to 47.11.

Fox Business & # 39; Suzanne O 's contribution Halloran to this article.