*STOCKS JUMP MORE THAN 1% AS WALL ST. AWAITS MIDTERM ELECTION RESULTS - $DIA $SPY $QQQ 🇺🇸 🇺🇸
- Wall Street climbed on Tuesday during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes.down less than 10% year-to-date.) climbed almost 6% to a record high after the company reported positive data related to its cholesterol drug and obesity treatment.
"On balance, financial markets like gridlock. To the extent that change will be slow and evolving, a divided government of course provides that backdrop," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. Investors are also awaiting a key inflation reading due on Thursday, which is expected to show easing in consumer prices and provide further clues on whether the U.S. Federal Reserve could soften its campaign of aggressive interest rate hikes.
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