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Dow Jones surges 545 points after midterm elections split control of Congress

By Joe Williams, James Langford
Published November 7, 2018 2:02pm ET
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Dow Jones surges 545 points after midterm elections split control of Congress
FILE - In this Monday, Jan. 27, 2014, file photo, a currency trader adjusts his glasses near the screens showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea. A global sell-off in stocks this year has left many small investors more puzzled than panicked and unsure how to act. Ordinary investors around the world were on edge even before signs of a slowdown in China and plunging emerging-market currencies sent stocks tumbling earlier this past week. Stocks had soared by double-digit percentages in countries like the United States, Japan and France in 2013, raising fears that they had climbed too fast and were due to drop.(AP Photo/Lee Jin-man, File) | Lee Jin-man

The three major U.S. stock indexes climbed Wednesday after Democrats won a majority in the U.S. House of Representatives while Republicans kept their majority in the Senate.

The blue-chip Dow Jones Industrial Average climbed 2.1 percent to 26,180 while the broader S&P 500 added 2.1 percent and the tech-heavy Nasdaq rose 2.6 percent.

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2018 Elections Financial Markets Wall Street