NEW YORK (Reuters) – Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar.
U.S. oil prices slipped after U.S. crude output hit another record high.
While gridlock could hamper President Donald Trump’s political and economic agenda, few analysts expect a reversal of tax cuts and financial deregulation measures that have already been enacted.
That view helped all three Wall Street equity indices rally, with traders piling into technology and…
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