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US stocks jumped 545 points, reaching the 26,000 level for the first time in a month.
Investors celebrated the results of the mid-term elections that brought the Democrats back to power and the Republicans to maintain control of the Senate. A "better scenario" for US stocks, according to several strategists. The top three US averages jumped more than 2%.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES MEANS | 26180.3 | +545.29 | + 2.13% |
| SP500 | S & P 500 | 2813.89 | 58.44 | + 2.12% |
| I: COMP | COMPOUND INDEX NASDAQ | 7570.7541 | 194.79 | + 2.64% |
Health sector stocks rose by nearly 3%, S & P's top performers, investors considering Democrats' victory a positive, with several medicaid ballots moving into key states such as l & # 39; Idaho. Industrial companies, including Caterpillar, a Dow member, were also encouraged, saying both sides will support infrastructure efforts.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| VHT | VANGUARD WORLD FDS VANGUARD HEALTH ETF ETF | 175.22 | 4.92 | + 2.89% |
| CAT | CATERPILLAR INC. | 135.10 | 5.77 | + 4.46% |
| XLI | INDUSTRIAL SELECT SECTOR SPDR ETF | 73,28 | +1.17 | + 1.62% |
The resignation of Attorney General Jeff Sessions has also boosted the stocks of weeds. The session opposed the legalization of marijuana at the federal level. Even before his departure was announced, these actions came together, with several states voting in favor of legalization.
Out sessions
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| TLRY | TILRAY INC | 139.60 | +32.74 | + 30.64% |
| CRON | CRONOS GROUP | 9.81 | 0.76 | + 8.40% |
| GSC | CANOPY GROWTH CORP | 46.07 | 3.48 | + 8.17% |
As far as history is concerned, the divided Congress is good for American stocks.
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.
More from FOXBusiness.com …
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 business 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. Although interest rates are not changing, policy makers are likely to raise rates considerably in December.
Leia Klingel of FOX Business contributed to this report.
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