NEW YORK | Markets Right Now: Stocks rally on Wall Street post-election

NEW YORK | Markets Right Now: Stocks rally on Wall Street post-election

NEW YORK  — The latest on developments in financial markets (all times local):
3:16 p.m.

Stocks are sharply higher on Wall Street as investors are relieved that midterm elections went as they had expected, leaving split control of Congress.

Health care stocks did especially well Wednesday after the Democrats took control of the House of Representatives, greatly decreasing the chances that the Affordable Care Act will be repealed.

Several states also approved expanding Medicaid.

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