Democrats’ midterm triumph sends US stocks soaring, but Tesla, SpaceX fall

US stocks rose after markets opened on Wednesday following the Democrats’ crushing victory in the US midterm elections, as the convincing result lifted some of the political uncertainty hanging over Wall Street. The S&P 500 opened 1.1 per cent higher at 9.30am local time, while the Dow Jones Industrial Average added 1.9 per cent after trading started and the Nasdaq Composite jumped 1.1 per cent. Analysts said the buoyant sentiment reflected investors’ eased concerns about abrupt policy shifts in…

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