5 Reasons Why the US Stock Market Is Up After Midterm Election Results

Wall Street is celebrating a major political defeat for President Donald Trump. US stocks rallied Wednesday after Democrats won control of both the House and Senate in the November 3 midterm elections. The S&P 500 climbed 1.2% in early trading, while the Nasdaq gained 1.1%. The Dow surged more than 1,100 points, or 2.3%. Solar stocks led the gains. First Solar jumped 15.1%, while Enphase Energy rose 12.1%. The rally was particularly surprising because US stock futures initially plunged overnight. So, what changed? 1. Trump Accepted the Election Results Investors initially feared a prolonged political confrontation after the Democratic sweep. Nasdaq-100 futures fell as much as 2.4% overnight. However, markets reversed after Trump accepted the results, reducing fears of an election dispute. 2.

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