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OffbeatStocks advance as midterm election results roll in

17:51  07 november  2018
17:51  07 november  2018 Source:   cnbc.com

How the midterm elections could ripple through financial markets

How the midterm elections could ripple through financial markets How the U.S. midterm elections could ripple through markets

Stocks rose Wednesday after the midterm election results came in about as expected, lifting a cloud of uncertainty that was weighing on the market. Investors were bullish after the results because of the belief that gridlock in Washington will help the market. Investors expect President Donald Trump’s

Dean Foods falls on weak financial results . U.S. stocks advanced on Wednesday morning after the midterm elections found Democrats taking control of the House The U.K.'s FTSE 100 rose 1.09%, France's CAC 40 jumped 1.24%, Germany's Dax gained 0.83% and Spain's IBEX 35 advanced 1.99%.

Stocks rose Wednesday after the midterm election results came in about as expected, lifting a cloud of uncertainty that was weighing on the market.

The Dow was up 270 points, led by UnitedHealth and Caterpillar. The S&P 500 added 1.3 percent, and the Nasdaq jumped 1.9 percent.

Democrats won back the House of Representatives while Republicans retained control of the Senate as the midterm’s outcome split Congress.

Investors were bullish after the results because of the belief that gridlock in Washington will help the market. Investors expect President Donald Trump’s business-friendly policies to continue, while some expressed optimism about Congress providing a larger check on Trump’s more disruptive market actions, such as the trade battle with China. Historically, equity markets see strong returns when Congress is divided.

Nate Silver in final midterm projections: 'Democrats need a couple of things to go wrong' to lose the House

Nate Silver in final midterm projections: 'Democrats need a couple of things to go wrong' to lose the House FiveThirtyEight founder and election forecaster Nate Silver on Monday offered his final projections for the midterm elections, arguing that a number of factors are conspiring to make Republican chances of keeping the majority in the House "fairly slim." Silver gave Democrats a roughly 86 percent chance of winning the majority in the House. The party must pick up at least 23 seats on Tuesday to retake the majority. "Democrats need a couple of things to go wrong to lose tomorrow because not very much is going right for Republicans," Silver wrote.

With the midterm elections less than two months away, U.S. stock -market investors are increasingly paying attention to the upcoming vote, viewing it as a potential turning point for the political environment and, with it, the market’s prospects. The vote will be held on Nov.

As election results are reported, the states with active Senate races will gradually change color, beginning with light shades of blue for Democrats and The colors will darken as results are reported. For optimum navigation, screen reader users should navigate to the States tab for specific information

The Dow was up 3.7 percent for the year through Tuesday after an October sell-off leading up the election cut into its returns. Relief that Republicans held onto the Senate also helped boost stocks, as some investors feared a so-called blue wave clamping down on Trump’s agenda.

“The fact that it’s playing out as expected gives the administration some ability to keep initiatives alive,” said Dan Deming, managing director at KKM Financial. “I think it will be positive in the near term.”

Stocks rallied across multiple sectors, as shares of Caterpillar, Goldman Sachs, Amazon and Alphabet all rose. Caterpillar is seen getting a boost from continued economic growth and the chance that Democrats can temper Trump’s trade war dealings. There’s also some optimism the president will work with Democrats on an infrastructure plan.

Opinion: This is what’s happened to stocks after every midterm election since World War II

Opinion: This is what’s happened to stocks after every midterm election since World War II It’s good news, even though Americans are on edge about politics.

Technology stocks had fallen a day earlier on iPhone demand concerns. Stocks rose Tuesday as the technology sector staged a recovery and as earnings season elevated Wall Street hours before polling stations were scheduled to begin closing around the US, with investors bracing for the possibility of.

2018 Midterm Election Results . 2016 Presidential Election Results . Tuesday, November 8, 2016 – Votes have been cast. Photo above © Reuters. Thank You Ronald Zager for these general election photos.

Tech shares rose, as a divided Congress could also keep Trump from seriously going after giants like Amazon for being too big and influential on the economy.

But then stock futures rebounded as more results started to come in.

“The pollsters were correct. The markets went into this, given the close, expecting this outcome,” said Quincy Krosby, chief market strategist at Prudential Financial. “Now the market is trying to figure out which sectors will do better.”

Another notable win for the Democrats came early Wednesday as Jacky Rosen won the Nevada Senate seat, beating incumbent Republican Sen. Dean Heller.

Meanwhile, the Federal Reserve is kicking off a two-day meeting on Wednesday. Worries around the pace of interest rate hikes last month saw global markets hit with sharp bouts of volatility. Markets have been pricing in a higher probability of the Fed raising rates again in December, with further tightening seen through 2019.

US stocks set to open mixed as midterm elections approach

US stocks set to open mixed as midterm elections approach U.S. stock futures traded mixed on Tuesday as voters are set to head to the polls for midterm election which could send ripples throughout capital markets. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); As of 4:00 a.m. ET, Dow futures were down by 2 points, but indicated a slightly higher open of 17 points. Meanwhile, S&P 500 and Nasdaq futures traded mildly lower.

As you hopefully all know, tomorrow is one of the Most Important Midterm Elections in History. Superlatives aside, that means you may need some company to watch the election results roll in (starting at 8 pm).

A guide to Roll Call's 2014 midterm elections coverage and how to follow election results . Join us Tuesday at 6 p.m. as we kick off Roll Call Presents: Midterm Elections 2014 as the first polls will be closing. You can follow along with Editor-in-Chief Christina Bellantoni and Politics Editor Shira T

Equities in the U.S. closed higher on Tuesday as the elections began earlier in the day.

Defense stocks are also among the expected winners from a divided Congress as it is one of the areas Democrats and Trump may find common ground. Democrats agreed to a Defense Department budget increase for fiscal year 2019.

Art Hogan, chief market strategist at B. Riley FBR, said financials could lose out as the Democrats take control of the House. “In terms of the financials, they might need a bit more deregulation and that is harder to promote under a split Congress,” he said.

Overall, stocks typically do well when Congress is split and the White House is under Republican control. In those instances, the S&P 500 averages an annual return of 12 percent, according to Bank of America Merrill Lynch. “The best case scenario from here, in our view, might be gridlock: do nothing, and undo nothing,” wrote Bank of America Merrill Lynch analysts and economists in a report leading up to the election.

These results could also lead to more investigations into Trump and therefore more stock market volatility.

But regardless of how the elections shake out, this is the best buying opportunity for investors before year-end, said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.

“This is your entry point,” he said, adding that positive seasonal factors, including strong holiday sales, should boost markets higher before the end of 2018. “You might get some volatility in the next couple of days as the market absorbs the result, but you buy those dips. ... Everything is telling you this is the time to buy” following the correction in October.


Stocks slip as Wall Street's attention turns to the Fed.

Stocks declined Thursday after big gains in the previous session as traders focused on the latest monetary policy decision from the Federal Reserve.

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