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BUZZ - As Democrats win control of Congress, Wall Street rises and financial stocks surge

BUZZ - As Democrats win control of Congress, Wall Street rises and financial stocks surge

路透社路透社2026/11/04 19:36
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- ** On Wednesday, Wall Street stocks rebounded as the Democratic Party achieved an overwhelming victory in the midterm elections, easing political uncertainty and boosting risk appetite. Financial stocks generally rose as well (link)

** Wall Street analysts pointed out that the midterm elections served as a "clearing event," since election-related uncertainties are now a thing of the past.

** The S&P 500 financial sector .SPSY rose 3.1%, while the benchmark S&P 500 index .SPX gained 1.86%.

** "By historical standards, this seems like a fairly normal election. The market appears to welcome this return to normalcy, and for now, a relief rally is taking shape," said Deutsche Bank Research.

** JPMorgan JPM.N, Morgan Stanley MS.N, Goldman Sachs GS.N, and Bank of America BAC.N all saw gains between 3% and 3.7%.

** Wells Fargo rose 2%, while Citigroup C.N was up 1.6%.

** Apollo Global Management APO.N and Brookfield Asset Management BAM.N each saw gains of about 7%.

** Blackstone Group BX.N, Ares Management ARES.N, and KKR KKR.N saw gains ranging from 5% to 6.5%.


(To accommodate non-native English speakers, Reuters has automatically translated its reports into several other languages. Due to possible errors in automated translation or lack of necessary context, Reuters does not guarantee the accuracy of translated texts. Automated translations are provided solely for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation features.)

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