The stock market reacted positively to the results of the midterm elections on Wednesday when the Dow Jones Industrial Average jumped by 1,600 points.
The 3% gain in the Dow Jones was the largest so far this year. The S&P 500 index gained 1.6%, and the Nasdaq Composite Index increased by 1.4%.
‘The elections are leading the market to conclude that Trump might now be inclined to make a deal.’
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Vital Knowledge founder and market analyst Adam Crisafulli said the indices were responding positively to closing another election.
“Investors are happy to have the midterms out of the way,” he said. “This was a major source of uncertainty, and putting it in the rear-view mirror removes a key obstacle heading into a very favorable time of year seasonally.”
The price
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