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Republican win boosts markets

U.S. markets are climbing Wednesday as Republicans take control of the Senate. The S&P 500 is up 0.56% and the Dow is up 0.48%.

Asian markets were mixed Wednesday, as Tokyo stocks rose for the fifth straight day. The Nikkei climbed 0.44% while the Hang Seng fell 0.66%.

European markets are moving up today, as investors appear to view U.S. election results as a positive for the economy. The FTSE is up 1.10%, and the DAX is up 1.47%.

Energy futures are mixed today. The price for West Texas Intermediate crude oil is $77.11 per barrel, down $0.08 and natural gas is up $0.10. Metals prices are falling sharply this morning. Gold is down $27.80 and platinum is down $19.80. The Dollar is up versus the Euro and the Yen.

Activision Blizzard, Inc. (ATVI), Chesapeake Energy Corporation (CHK) and Canadian Natural Resources Limited (CNQ), are rising, while FireEye, Inc.(FEYE), zulily, Inc. (ZU) and TripAdvisor Inc.  (TRIP) are down. [InvestorsKeyhole, various news and data sources]

Michael Haden

Michael Haden is an Options Analyst at InvestorsObserver. He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor’s, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk.