Dow RALLIES 1,100 Points After Dem Midterm Win

Wall Street popped 1,100 points, or 2.3 percent, and the reason is that Democrats now control both the House and Senate. Stocks love a Washington that can't get out of its own way, and analysts say gridlock is the forecast. Strip out the spin and here's what's left: money men cheering two years of blocked bills and open investigations. Lockheed fell nearly 7 percent and Northrop about 5, which tells you the defense crowd sees headwinds. Solar stocks jumped more than 11 percent, which is what happens when people bet on a new set of rules. CNBC adds that Democrats also took key governor's races in Texas and Georgia. Musk spent at least $474 million backing Republicans, $224 million of it in Texas, and the scoreboard still came back blue. Gridlock is fine for a portfolio and rotten for a country that needs its border secured and its bills paid.