Democrats' sweep: five rally candidates, Nasdaq -5% — SkimNews
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- After Democrats' midterm sweep, analysts said five stock groups could rally.
- Nasdaq plunged 5% amid a chip-stock wipeout, while the Dow and S&P 500 erased their post-election rally gains.
Why it matters: The immediate result of the Democratic sweep was a reversal, not a sustained advance: Nasdaq fell 5%, and the Dow and S&P 500 gave back post-election gains. That contrast makes the five analyst-identified rally groups a selective thesis rather than evidence of an across-the-board post-midterm boom.
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