Dow rises more than 3% after Democrats projected to win Congress
U.S. stocks surged Wednesday after Democrats were projected to take control of Congress, with the Dow up more than three percent, NBC News reports.
The Dow Jones Industrial Average rose more than three percent on Wednesday after Democrats were projected to win control of Congress in the midterm elections, according to NBC News. NBC said investors were bullish after the results.
Earlier reports put the gain in points. ABC News said the Dow was up 1,000 points in the morning. CBS News later said it was up more than 1,200 points. The reports were filed at different times.
CBS News said other stock indexes also rose. It tied the projection to decisive Democratic wins in battleground states.
NBC News and CBS News each ran segments with their correspondents on what drove the gains. The reports provided here do not include that explanation, closing figures, or specific stocks or sectors.
Reported by
- ABC NewsDow surges 1,000 points as Democrats take control of CongressWed, Nov 4, 9:37 AM EST
- CBS NewsStocks soar after Democrats take control of CongressWed, Nov 4, 10:05 AM EST
- CBS NewsStock market surges after Democrats' midterm winsWed, Nov 4, 10:11 AM EST
- NBC NewsStock market surges on election resultsWed, Nov 4, 6:51 PM EST
- CBS NewsStock markets surge as Democrats win control of House, SenateWed, Nov 4, 9:51 PM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (1)
- Wed, Nov 4, 7:35 PM EST, 2 outlets: Dow jumps more than 1,000 points after Democrats projected to win Congress