As the results of the midterm elections began to come in on Wednesday, United States stock market fluctuated between modest gains and losses. Although the contest is still close and the vote count is ongoing, Republicans are probably going to take the House while Democrats are going to maintain the Senate. Stocks continued to rise in regular trade Tuesday, with the Dow rising 1%, the S&P 500 rising 0.6%, and the Nasdaq Composite rising 0.5%. The October inflation report, which is due tomorrow, is also anticipated by investors for clues as to how much more the Fed might tighten financial conditions in an effort to cool an overheating economy. After missing projections for revenue and earnings for the most recent quarter, Disney shares fell more than 6% in extended trade.
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