Wall Street jumps 2 percent amid relief after U.S. midterm elections

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 5, 2018. REUTERS/Brendan McDermid

November 7, 2018

NEW YORK (Reuters) – U.S. stocks ended more than 2 percent higher on Wednesday with broad gains led by the technology and healthcare sectors as investors, relieved to have midterm elections behind them, made bets that a divided Congress would be good for equities.

Based on the latest available data, the Dow Jones Industrial Average rose 545.29 points, or 2.13 percent, to 26,180.3, the S&P 500 gained 58.36 points, or 2.12 percent, to 2,813.81 and the Nasdaq Composite added 194.79 points, or 2.64 percent, to 7,570.75.

(Reporting by Caroline Valetkevitch; Editing by Dan Grebler)

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