• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,645.53 +2.52% +COP 89.47Reference: TRM crossed with the European Central Bank rate of Nov 4; not the market quote
  • Mexican pesoCOP 173.52 +3.08% +COP 5.18Reference: TRM crossed with the European Central Bank rate of Nov 4; not the market quote

What the data says about the effect of the midterms on stocks and 401(k)s

FinanceInternationalUSA TodayAI summary
Image: USA Today

After Democratic victories in the U.S. midterm elections, indexes opened higher on Nov. 4: the Dow Jones rose 2.1%, the S&P 500 1.8% and the Nasdaq 2.5%. A Morningstar analysis of 100 years of returns found that stocks rise an average of 2.4% in Novembers of election years, versus 0.9% in non-election years. Strategist Dan Lefkovitz attributes the move to elections ending uncertainty.

In 35 seconds

  • The Dow Jones opened up 2.1%, the S&P 500 1.8% and the Nasdaq 2.5% on Nov. 4.
  • Morningstar: stocks rise 2.4% on average in Novembers of election years, versus 0.9% in non-election years.
  • The analysis finds better returns under unified government (1.2% a month) than divided government (0.7%).
Read the full story at USA Today

IASummary generated by artificial intelligence from a story by USA Today. It may contain errors: the original source prevails.

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