US stock exchanges: Dow Jones gains more than 1,500 points – US stock exchanges benefit after midterms

The Democrats can make it more difficult for US President Donald Trump to govern in the future. Investors are happy about less uncertainty. Why a little uncertainty still remains.

A street sign on Wall Street. Photo: dpa

Dusseldorf. After the Democrats' success in the midterm elections in the USA, Wall Street is also benefiting. The major US indices are starting trading with gains after the so-called midterms this Wednesday.

The Dow Jones index of standard stocks rose by 2.9 percent and reached a two-month high of 53,337 points. Yesterday, Tuesday, the index closed at 51,787 points, more than 1,500 points below the price on Wednesday.

The broader S&P 500 rose by 1.8 percent to 7,703 points.

The Nasdaq technology exchange index gains two percent to 25,877 points.

The Nasdaq 100, which shows the 100 largest non-financial companies with the highest market capitalization, is also up a good one percent at 28,573 points.

In the US congressional elections, the Democrats achieved a majority in both chambers of parliament and could make it more difficult for US President Donald Trump to govern in the future. “Political handcuffs are being put on the US president,” says Thomas Altmann, portfolio manager at QC Markets, summarizing the current situation. Investors should therefore have less concern about erratic decisions by the US President.

“Even if he wasn’t on the ballot: the loser of the day is Donald Trump,” explains Jochen Stanzl, chief market analyst at Consorbank. According to him, political uncertainties are likely to ease.

The parliamentary election decided all 435 seats in the House of Representatives and 35 of the 100 Senate seats. The Republicans started the election with a majority of 53 Senate seats. According to projections, even before all races are counted, the Democrats have 54 seats - with a chance of more.