The latest on developments in financial markets (all times local):
Stocks are climbing in early trading on Wall Street as results of the U.S. midterm elections came in as investors had expected.
Technology and health care companies rose broadly in early trading Wednesday, as did big retailers.
Health insurers were doing especially well after the Democrats took control of the House of Representatives, greatly decreasing the chances that the Affordable Care Act will be repealed.
UnitedHealth Group rose 3.5 percent.
The S&P 500 index rose 24 points, or 0.9 percent to 2,779.
The Dow Jones Industrial Average climbed 209 points, or 0.8 percent, to 25,844. The Nasdaq composite climbed 69 points, or 0.9 percent, to 7,446.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.19 percent.
Wall Street is set to open higher Wednesday after the U.S. midterm elections lived up to expectations, with the Democrats winning control of the House of Representatives and the Republicans keeping the Senate.
The election results portend gridlock in Washington — but the stock market historically has performed well when Congress splits between the two parties.
Futures show the S&P 500 and Dow Jones industrials opening about a half a percent higher, while the Nasdaq is poised for a gain of about 1 percent.
Government bond yields spiked overnight but then retreated as Democrats’ fortunes improved. The yield was at 3.20 percent Wednesday morning after rising as high as 3.25 percent overnight.
The U.S. currency fell to 113.18 yen from 113.40 yen, and the euro climbed to $1.1487 from $1.1413.
The currency was down 0.3 percent at 113.09 yen while the euro advanced 0.5 percent to $1.1485.
The decline appears related to uncertainty over whether there will be political deadlock in Washington.
Konstantinos Anthis, head of research at financial services firm ADSS, said President Donald Trump will “definitely have a tougher time