News · Yahoo Finance

Blue Chips Pop On Blue Wave As Dow Surges 1,000 Points

The Dow rose 1,009 points, or 1.9%, at the open, according to ABC News, a day after midterm results gave Democrats control of the House and Senate, while the S&P 500 and Nasdaq each rose 1.1%. Blue chips led, with 3M up 7.71% after a Bloomberg report on settling PFAS claims, Amazon up 7.16% and Microsoft up 5.57%. Caterpillar fell 4.14% despite a record $78 billion backlog, and CoreWeave dropped 5.12% after Texas Democrats won statewide offices on a platform that included pausing new data center approvals. The 10-year Treasury yield fell to 4.91% from 5.31%.

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