Surprise Me!

S&P 500 and Dow surge in best rally after midterm elections since 1982

2018-11-08 27 Dailymotion

U.S. stocks saw big gains on Wednesday after the midterm elections.<br />Investors apparently hoping for some cooperation between President Trump and the Democrats now in control of the House.<br />Hong Yoo has more. <br /> U.S. stocks rallied on Wednesday after the midterm election results showed that the Democrats had won control of the House of Representatives and the Republicans had kept control of the Senate. <br /><br />The Dow Jones Industrial Average closed up 545 points on Wednesday, led by gains in UnitedHealth and Apple. The S&P 500 gained 2-point-1 percent and the Nasdaq Composite rose 2-point-6 percent. <br /><br /> According to CNBC, investors expect Trump's business-friendly policies to continue.<br />But some also said the Democrats' control of the House will act as a check against some of President Trump's "more destructive" economic policies such as a trade war with China.<br /><br />The Wall Street Journal reported that experts believe the expected results of the midterm election removed investors' concerns.<br /><br /> The New York Stock Exchange continued its rally after U.S. President Donald Trump mentioned possible cooperation with the Democrats in the House of Representatives.<br /><br /> Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said this is the best buying opportunity for investors before the year-end.<br />Hong Yoo, Arirang News. <br />

Buy Now on CodeCanyon