As GOP Takes Senate, Dow and S&P 500 Close at Record Highs

Traders work on the floor of the New York Stock Exchange. (Photo: Andrew Burton, Getty Images)
Traders work on the floor of the New York Stock Exchange.
(Photo: Andrew Burton, Getty Images)

Stocks jumped back into record territory Wednesday after the Republican party secured control of the U.S. Senate for the first time in eight years Tuesday.

Investors are hoping for a more business-friendly approach from Washington in terms of taxes and regulations.

The Dow Jones industrial average gained 100.69 points, or 0.6%, to a record closing high of 17,484.53 and set a new intraday high of 17,486.59.

The Standard & Poor’s jumped 11.47, or 0.6%, to an all-time closing high of 2023.57.

Bucking the positive trend, the Nasdaq composite index dipped 2.91 points, or 0.1%, to 4620.72.

Click here to read more

Source: USA Today | Adam Shell

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s