Mixed views on Wall Street as poll results turn out as expected

London

THE big question facing global investors is how Wall Street will perform in the medium and long term, now that the mid-term elections are over.

Stocks opened higher on Wednesday with the Dow Jones Industrial Average up 153.45 points, or 0.60 per cent, at 25,788.46. The S&P 500 rose by 18.68 points, or 0.68 percent, at 2,774.13. The Nasdaq Composite gained 70.13 points, or 0.95 per cent, to 7,446.09 at the opening bell.

The polls have been proved right and the Democrats are now in control of the House of Representatives and the Republicans have retained the Senate. Since there were no major surprises, both the Dow Jones index and…