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“There will be winners and losers in the stock market following Republicans and Democrats splitting Congress in the 2018 midterm elections.
The big winner could be the stock market overall as a hamstrung government leaves in place much of what President Donald Trump has accomplished, but also keeps in check on some of his more extreme actions like trade battles. Stock futures pointed to a triple-digit gain for the Dow Jones Industrial Average on Wednesday.
Industrial and materials stocks could be among the best performers on speculation politicians can broker an infrastructure deal, Wall Street analysts and strategists speculated before the election. Drug stocks could come under pressure on a bipartisan plan to rein in drug prices.
A check on trade tensions: Good for stocks
With Democrats controlling the lower chamber of a split government, Trump could be forced to soften his aggressive trade strategy with China. The trade war between the two nations has roiled markets and often left investors on edge about the future between the world’s two largest economic powerhouses.
Shares of Caterpillar and Boeing, two multinationals that have taken a hit from Trump’s trade war with China, rose in premarket trading Wednesday.”
JJ Editor's Daily Picks
"After five years of war with the Islamic State, the biggest problem for the winners is coping with the losers. The aftermath has produced one of the world’s most perplexing postwar challenges..."
"What do we mean when we say that the “soul of the city” is under threat? Often, it’s really about politics, nostalgia, and the fear of community change."
"...the pendulum of history never stops moving. Indeed, one of the few constants of history is unceasing change. While we seem to be heading in one direction, we must remember that there will surely be pauses, turns, and reversals."
""Homecoming: A Film by Beyoncé," premiered early Wednesday and it was the fulfillment of all the ancestors' hopes and dreams. Beyoncé also dropped "Homecoming: The Live Album.""
"Seven in 10 adults ages 18 to 34 received financial support from their parents in the last year, including more than half of those in their early 30s. Almost three in five millennials said they couldn’t afford their lifestyles without the support."
"Social media influencers have helped turn public lands into tourist-infested swamps. And one cantankerous man is fighting back."
"One particular myth that attached itself to Ledger was that his death was somehow a result of immersing himself in the character of the Joker."
"In 2018, for the second year in a row, American publishers released fewer translated titles: 609 books were published, down from 650 in 2017 and the industry high in 2016 of 666."
"Egg freezing had become so routine among my single peers that when I hit 35, I never thought twice. Here’s what I wish I had known."
"When it comes to Passover cuisine, most home cooks know to avoid wheat, oats, rye, and other forbidden ingredients. But what consumers might not realize is just how much cotton they eat during the holiday."
"A masked figure looms over your recumbent body, wielding power tools and sharp metal instruments, doing things to your mouth you cannot see."
"Passover is a holiday that commemorates the Jewish people escaping slavery in Egypt. It is often referred to as the “festival of freedom.” My Passover in prison was at a place called the Wallkill Correctional Facility..."