Saturday, November 16, 2024
 
Markets Surge Post-Election After Senate Retains GOP Majority

WASHINGTON, D.C. Nov. 7 (DPI) – US stock indices surged nearly 2% today after midterm election results left the Senate in Republican hands, making an immediate dismantling of Trump economic policies much less likely.

Reader comments suggested that Democrats didn’t make quite the inroads they expected, losing some key Senate seats in Missouri and North Dakota. Pundits too asserted that Tuesday’s results hardly represented a clean sweep for Democrats, who took some blowback in the wake of the Kavanaugh hearings.

The Wall Street Journal said the surge in stocks reflected the removal of some “angst” for investors following the election, and many readers agreed. Among the most popular comments:

Market reacting favorably to the GOP increasing its hold on the Senate, and the Dems barely taking control of the House.  The Dems aren’t going to be able to ruin Trump’s economy with such a slim majority in the House.

Markets reacting favorably to likelihood of stalemate. Markets like predictability and stability.

We’re returning to what businesses like above all … a more certain business environment where nobody rocks the proverbial boat.

The thrust of this article seems to be that investors were worried about Dems monkeying things up.

 

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