Dow Jumps About 1,500 Points as Oil Slides After Democrats Sweep Congress
U.S. stocks surged after Democrats took control of both chambers of Congress. The Dow rose about 1,500 points, or 3%, while the Nasdaq traded about 2% higher.
By Alexander Osipovich and Joe StonorU.S. stocks are surging as investors react to a blue wave that puts Democrats in control of both chambers of Congress.The Dow jumped about 1,500 points, or 3%; the Nasdaq traded about 2% higher as stocks recovered from an off-hours slide when election results st…