Markets Right Now: Tech, health stocks gain post-election

The latest on developments in financial markets (all times local):

11:45 a.m.

Technology and health care stocks are leading indexes broadly higher on Wall Street as results of the midterm elections came in largely as investors had expected.

Big retailers and other high-growth stocks also rose Wednesday.

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took control of the House of Representatives, greatly decreasing the chances that the Affordable Care Act will be repealed. Several states also approved expanding Medicaid.

UnitedHealth Group rose 4.4 percent and Molina Healthcare jumped 8.5 percent.

The S&P 500 index rose 36 points, or 1.3 percent to 2,792.

The Dow Jones Industrial Average climbed 279 points, or 1.1 percent, to 25,918. The Nasdaq composite climbed 138 points, or 1.9 percent, to 7,514.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.19 percent.

___

9:35 a.m.

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took control of the House of Representatives, greatly decreasing the chances that the Affordable Care Act will be repealed.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.

___

8:15 a.m.

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

Read More Here...

Bookmark the permalink.