Dow posts biggest gain of the year after Democrats sweep Congress
Headline from CBS News · First reported Nov 4, 5:18 PM ET () · Updated Nov 5, 3:13 AM ET · 2 sources, 2 articles
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What's being reported
The Dow soared nearly 1,600 points, as Wall Street analysts predicted that political gridlock would limit Congress's ability to pass major tax and spending packages.
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Dow posts biggest gain of the year after Democrats sweep Congress
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Dow scores its best day in 18 months in a broad relief rally after Democrats sweep to power in Congress
Stocks surged, oil prices plunged and bond yields fell Wednesday on optimism around a quicker end to the Iran war now that Democrats have clinched control of Congress.
Dow posts biggest gain of the year after Democrats sweep Congress
The Dow soared nearly 1,600 points, as Wall Street analysts predicted that political gridlock would limit Congress's ability to pass major tax and spending packages.
