Wall Street jumps after US midterm results
In short
US stocks jumped after Democrats gained in the midterm results. The S&P 500 rose 1.8%, and the Dow Jones jumped 1,300 points.
Investors seemed to like the chance of political gridlock, while oil prices and Treasury yields fell. The source does not give final prices for Amazon, Apple, or Microsoft.
What the reporting says
US stocks surged after Democratic midterm gains, with the S&P 500 up 1.8% and the Dow Jones jumping 1,300 points, according to the summary. The move was supported by hopes of political gridlock as well as falling oil prices and lower Treasury yields. The source names major technology stocks among the leaders, but it does not give closing levels for Amazon, Apple or Microsoft.
Why it matters
US stocks rallied after Democratic midterm gains, with the S&P 500 up 1.8% and the Dow Jones adding 1,300 points. The summary says investors were encouraged by hopes of political gridlock, plus falling oil prices and Treasury yields. Major technology stocks led gains, including Amazon, Apple and Microsoft, but the source gives no exact stock move for those names.