[ad_1]
Midway: Democrats overthrow the House
Former Representative Jason Chaffetz (Utah), Benchmark Managing Partner Kevin Kelly, and Maria Bartiromo and Dagen McDowell of FBN, on the impact of the mid-term on the House and Senate.
US stocks climbed on Wednesday morning, leaving investors with mid-market uncertainty.
Democrats took control of the House and Republicans maintained control of the Senate, a situation that, according to history, is good for US equities.
According to Dow Jones Market Data, which has been analyzing markets and election data since 1970, this scenario is the best case for US equities one year after an election, with the S & P 500 Index up 19.9%. average one year later.
Mid-term coverage live:
Some investors feared the Democrats would drag the Republicans into a tight race, in a so-called "blue wave," but such a landslide did not happen. Democrats, especially those considered as potential presidential candidates in 2020, won. Senators Bernie Sanders of Vermont and Elizabeth Warren of Massachusetts won their races. FOX Business covers national and local economic and trade issues impacting voters.
On Wednesday, as investors assimilate the results of the race, many will also turn to the US Federal Reserve, which begins its meeting in November, which will last two days. While interest rates should not change, policymakers should significantly raise rates in December
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES MEANS | 25863.76 | 228.75 | + 0.89% |
| I: COMP | COMPOUND INDEX NASDAQ | 7375.9644 | +47.11 | + 0.64% |
| SP500 | S & P 500 | 2755.45 | +17.14 | + 0.63% |
US stocks climbed on Tuesday. The Dow Jones Industrial Average he earned 173.31 points, the S & P 500 gained 17.14 points and the Nasdaq Composite climbed 47.11.
Fox Business & # 39; Suzanne O. Halloran contributed to this article.
Source link
