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S&P 500 and Dow surge in best rally after midterm elections since 1982 Updated: 2018-11-08 12:13:00 KST

U.S. stocks rallied on Wednesday after the midterm election results showed that the Democrats had won control of the House of Representatives and the Republicans had kept control of the Senate.

The Dow Jones Industrial Average closed up 545 points on Wednesday, led by gains in UnitedHealth and Apple. The S&P 500 gained 2.1 percent and the Nasdaq Composite rose 2.6 percent.

According to CNBC, investors expect Trump's business-friendly policies to continue.
But some also said the Democrats' control of the House will act as a check against some of President Trump's "more destructive" economic policies such as a trade war with China.

The Wall Street Journal reported that experts believe the expected results of the midterm election removed investors' concerns.

The New York Stock Exchange continued its rally after U.S. President Donald Trump mentioned possible cooperation with the Democrats in the House of Representatives.

Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said this is the best buying opportunity for investors before the year-end.
Hong Yoo, Arirang News.
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