US stock market rally accelerates as Dow gains 1,236 points

The US stock market rally gathered pace Wednesday after Democrats won both chambers of Congress and President Donald Trump accepted the midterm election results, easing political uncertainty. The Dow Jones Industrial Average climbed 1,022 points, or 2%, just after the opening bell before extending its gain to 1,236 points, or 2.4%. Key takeaways Democrats secured House and Senate majorities. Healthcare and solar shares posted sharp gains. Texas data-center concerns weighed on CoreWeave and SpaceX. WTI crude fell 3% as investors considered prospects for a Middle East resolution. Democratic sweep brings divided government Democrats won majorities in the House of Representatives and Senate , giving them a check on Trump’s policies. They also won key gubernatorial contests, including Texas.

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