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Dow Jumps Nearly 1,600 Points as Major Indexes Soar After Democrats' Decisive Win in Midterms; WTI Oil Slides 8%
U.S. stock markets rallied sharply following Democrats' takeover of Congress and victories in several gubernatorial races, lifting the Dow by roughly 1,600 points. Meanwhile, WTI crude oil prices dropped 8%. Additional analysis covers Tesla and SpaceX share declines, inflation trends, retirement savings by state, Medicare cost changes, and housing affordability in New York.