Dow Rallies 1,500 Points After Democrats Win Congress — SkimNews
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- Democrats' decisive midterm wins were followed by a big equity rally, after which stock futures traded mixed — with one outlet's coverage also asking how stocks have moved following past elections.
- Dow rallied 1,500 points while the S&P 500 and Nasdaq also gained, with the gains coming after Democrats won control of Congress.
Why it matters: Investors traded the election result directly: Democrats winning control of Congress came with a 1,500-point Dow rally and gains in the S&P 500 and Nasdaq. Mixed futures the next session show that burst of buying faded, so the concrete market result so far is a sharp one-day pop.
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