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Dow jumps over 1,000 points in response to Democrats' control of Congress

📍 Washington D.C., USA, US·🕐 2h ago·3 outlets

US stocks glided higher on Wednesday after Democrats won control of both chambers of Congress in a seismic midterm election, paving the way for a divided government. The Dow Jones Industrial Average (^DJI) rose 2.1%, while those on the S&P 500 (^GSPC) climbed 1.1%. The Nasdaq Composite (^IXIC) traded up by 1%. AMD (AMD) stock fell slightly following the company's Q3 earnings beat. Markets swiftly repriced a Democratic sweep of the House and Senate — and the potential for ballot measures and newly elected officials to restrict data center construction. Chip stocks, including Nvidia (NVDA) and…

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✓ Verified · 3 outlets

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Also reported by ketv.com, winnipegfreepress.com (found in GDELT's list of news articles)

1h ago
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Reliability
92%

Very high · How we score this

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medium risk