Wall Street stocks surged Wednesday as investors saw signs of political stability following the Democrats’ clear-cut victories.
The Dow Jones Industrial Average jumped more than 1,000 points and other major indexes traded firmly in positive territory after the opening bell.
Investors dislike instability or uncertainty, and the Democratic rout in Senate and House races left little doubt about the outcome of the midterm elections.
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Earlier this year, Mr. Trump warned the stock market would crash, 1929-style, if Democrats took control of Congress.
But on Tuesday, Mr. Trump told The New York Times he would accept the election results and told The Wall Street Journal that he would work with Democrats where possible and veto initiatives he opposed.
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