US stocks rally after Democrats win control of Congress
US shares surged as investors assessed Democrats’ victories in both chambers and the prospect of more limits on President Donald Trump’s policies. Oil prices and bond yields also fell.
US stocks surged on Wednesday after Democrats won control of the House and Senate, with the Dow rising close to 3% in its biggest gain of the year, CBS News reported. CBS NewsThe Guardian
The Dow gained nearly 1,600 points and the S&P 500 rose 1.6% to close at 7,689, while the Nasdaq climbed 1.4%, CBS News said. CBS News
Brent crude fell below US$95 a barrel, while the 10-year US Treasury yield eased to 4.89%, PBS NewsHour reported. PBS NewsHour