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Stocks Rise as Risks Fade
U.S. stocks surged Wednesday after Democrats won majorities in both the House and Senate in the midterm elections, and President Donald Trump accepted the results, easing political uncertainty. The Dow Jones rose 1,511 points, or 2.9%, topping 53,000, while the S&P 500 gained 1.8% and the Nasdaq 1.9%. U.S. and Brent crude futures fell by more than 8%. Walmart and Bank of America led the gains, while shares of companies linked to data centers declined amid concerns about possible restrictions in Texas.
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