Major U.S. Indexes Rally After Midterm Election - Adviser Investments

Major U.S. Indexes Rally After Midterm Election

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, November 7. The Dow Jones Industrial Average and S&P 500 enjoyed their best post-midterm election rallies seen since 1982: Both gained 2.1%, and the NASDAQ advanced 2.6%. In particular, health care stocks rose sharply today, up an average of 3%. Meanwhile, the Federal Reserve released consumer credit data for September. U.S. consumer credit saw its smallest rise since June, revealing reasonable spending levels among a well-employed workforce.

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