DealBook Briefing: Why Corporate America Is Content With the Midterms [The New York Times]
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Source: The New York Times
Image Credit Credit Alex Wroblewski/Getty Images Nov. 8, 2018 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Businesses breathe a sigh of relief over the midterms The Dow Jones industrial average climbed almost 550 points yesterday. The S&P 500 enjoyed its biggest postelection rally in 30 years . Why? Per Barron’s: “ It’s finally over .” Corporate leaders still have much to fear, including President Trump’s trade fight with China. But they view Washington gridlock as largely positive , as it will ward off sweeping policy changes that could upset the strong environment for business. ( These are the economic indicators that will show if that theory holds.) Here are some other key corporate takeaways from the midterms: • Energy: Renewables companies benefited from Democratic victories on the state level, where a lot of energy policy is set. Oil producers suffered setbacks in some states, but blocked a carbon tax initia
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