Midterm elections historically lead to stock market rallies, regardless of the results. Wednesday was no exception when there was a late-day rally in marijuana stocks adding icing to the cake.
The Dow Jones Industrial Average DJIA, +2.13% rose 545 points, or 2.1%, to close at 26,180.30. The S&P 500 Index SPX, +2.12% was up 2.1%, while the Nasdaq Composite Index COMP, +2.64% added 2.6%.
A split in party control of the two houses of Congress tends to cheer investors.
