Dow Surges To Two-Month Closing High As Democrats Win Control Of Congress

Following the mixed performances seen in the two previous sessions, the major U.S. stock indexes all showed significant moves to the upside. The Dow showed a particularly strong upward move, reaching a two-month closing high.

The major averages gave back some ground going into the end of the day but remained sharply higher. The Dow surged 1,569.40 points or 3 percent to 53,356.12, the S&P 500 jumped 119.70 points or 1.6 percent to 7,688.62 and the Nasdaq shot up 364.50 points or 1.4 percent to 25,736.51.