US markets rise as Democrats sweep midterm elections
Summary
U.S. stock indexes rose at Wednesday’s opening after Democrats won control of both chambers of Congress in the midterm elections. Oil prices fell, while shares moved in different directions across retail, health care, and technology companies as investors weighed possible policy changes and geopolitical developments.Key Facts
- The Nasdaq opened 1 percent higher, the Dow Jones Industrial Average rose 1.8 percent, and the S&P 500 gained 1.1 percent.
- Walmart shares rose 1.3 percent and Target shares rose 3.3 percent amid possible changes to tariff policy.
- UnitedHealthcare shares fell 2.9 percent and CVS Health shares fell 12 percent, while Cigna shares gained 1.6 percent.
- Oracle and Nvidia opened lower, while Alphabet rose 3.5 percent.
- The article cited concerns that Democratic control of Congress could create obstacles for AI and technology legislation.
- Brent crude fell 3.09 percent to $100.40 a barrel, and West Texas Intermediate fell 3.13 percent to $93.08.
- Investors were also watching for developments in the wars involving Iran and Russia and Ukraine, amid reports of talks.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
