Connect with us

Hi, what are you looking for?

Jewish Business News


Stocks Rise Wednesday Morning on GOP Senate Win

happy elephant 2

U.S. stocks rose on news of the Republicans winning the Senate at the opening, with the Dow approaching its all-time high of 17, 481 early on the day on Wednesday. The perception that the Republicans are pro-business and 70% of voters reporting they were unhappy with the economy might have led to the increased confidence that sent stocks rising, according to Although job numbers were robust in October, many see wages as stagnant and are critical of Obamacare.

The Dow was up 0.54% by Wednesday afternoon, the S&P 500 rose 0.5% and the Nasdaq was up 0.15%. Although many are bullish, Raymond James analyst Jeffrey Saut thinks what could really affect the stocks are more long term factors; “much of it will be predicated on how far President Obama is willing to go to cooperate with the new conservative majority.”

Although high oil inventories domestically and fears the Saudis are flooding the U.S. with cheap oil brought oil prices down 2% on Monday, the price of West Texas Intermediate spiked 1.7% Wednesday.

Click to comment



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.