Live updates: Follow the latest news on US midterms US stocks rallied on Wednesday after Democrats romped to power in both the House of Representatives and the Senate, while President Donald Trump's acceptance of the midterm election results eased fears of political uncertainty. The Dow Jones Industrial Average was more than 1,000 points higher when the opening bell rang on Wall Street. The S&P 500 and Nasdaq Composite were both up 1.2 per cent.