Dow Jones surges over 1,200 points as US midterm uncertainty fades

New York's Dow Jones Industrial Average surged on Wednesday, temporarily rising over 1,200 points, as relief spread following the US midterm elections. The index was up 1,213.27 points to 52,999.99 at 9:45 a.m., with broad buying driven by expectations that the opposition Democratic Party's majority wins in both houses would curb President Trump's tariff policies and military conflict with Iran. Trump indicated he would accept the results, easing concerns over political turmoil, while investors also weighed the potential impact on Japan's economy and other global markets.