Stocks gain after midterms as tech and health care rise

Stocks gain after midterms as tech and health care rise

6 years ago
Anonymous $L9wC17otzH

https://apnews.com/96bfda4ce9a4481f8ea786dedfe1e082

NEW YORK (AP) — Stock and bond prices are climbing Wednesday morning after Democrats won control of the House of Representatives in the U.S. midterm elections, while Republicans kept a majority in the Senate. Big-name technology and consumer companies are making some of the largest gains.

The outcome was largely what investors expected. While the potential for political gridlock in Washington increases, the market reaction has not been nearly as volatile as after other political events, such as the 2016 presidential vote. Historically markets have performed well after midterm elections and with split control of Congress.