With the end of the presidential campaign near, uncertainty is no longer dogging the stock market. Investors appear to be upbeat, evidenced by major stock indexes trading sharply higher than Election Days of past. The Dow, in fact, gained slightly more than 1 percent in midday trading.
Here's where they stood midday:
The Dow - up 141.84 points, or 1.08 percent, at 13,254.28.
Standard & Poor’s 500 Index - up 11.18 points, or 0.79 percent, at 1,428.44.
Nasdaq Composite Index - up 13.39 points, or 0.45 percent, at 3,013.05.
If the rise holds, it will be the second straight day of gains in prices.
In the meantime, major news organizations like USA Today and Reuters are revisiting how the stock market has fared in Election Days past:
Nov. 6, 1984: Hours before Ronald Reagan beats Walter Mondale in a landslide for re-election, and with the economy healing after a deep recession, the Dow climbs 14 points to 1,244.
Nov. 8, 1988: The market enjoys a strong morning in anticipation of a victory by George Bush over Michael Dukakis. It holds only a fraction of the gain, and the Dow ends up two points at 2,127.
Nov. 3, 1992: An uneventful session one day after a rally based in part on speculation that a Bill Clinton presidency wouldn’t hurt the markets. The Dow ends down nine points at 3,252.
Nov. 5, 1996: In the middle of a historic bull market, investors embrace hope that Democrat Clinton and a Republican Congress will keep each other in check. The Dow rises 39 to 6,081, within 13 points of its all-time high.
Nov. 7, 2000: George W. Bush and Al Gore go to the wire, and investors hold their bets. The Dow closes down 25 points at 10,952. The Dow slides as much as 5 percent during the five-week fight over the Florida vote.
Nov. 2, 2004: After a five-day winning streak, the market confronts the prospect that the race between George W. Bush and John Kerry won’t be settled on Election Night. Late selling pushes the Dow down 18 points to 10,035.
Nov. 4, 2008: Investors expect an Obama victory and look ahead to a new administration to confront the financial crisis and deepening recession. At a time when wild swings are common, the Dow climbs 305 points to 9,625.
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
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Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
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A look at recent hirings, promotions and other announcements from Acadiana's business community.
Anne Pyle puts a bow on a stellar, expectations-defying career with her latest venture.
The company currently has 10 branches throughout Louisiana, including an Ambassador Caffery location which opened last year.
Lawmakers have added $15 million to the attorney general's budget to pay for Louisiana's ongoing legal case against BP for damages caused by the 2010 Gulf oil spill.
The state's jobless rate rose to 5 percent in June from 4.9 percent in May. Louisiana's unemployment rate was 6.4 percent in June 2013.
Long-established private club opening special events venue in failed women’s store at Kaliste Saloom Road and Camellia Boulevard.
High-dollar legal teams are preparing to spar in federal court over the regional levee authority’s historic lawsuit against oil and gas companies, but a panel of volunteers could preempt those efforts when they meet in August.
May sales, the highest on record for the month at $534 million, increased 6.1 percent over May 2013.
Trendy Shi Shi is heading to the Ranch, longtime retail institution Partners’ Ltd. is relocating to Parc Lafayette, and ariel artist haven Vertical Barre is moving downtown.
There’s another debit/credit card scam making the rounds — the second this year — this time via a robo call purportedly from MidSouth Bank.
The 2014 Louisiana Annual Sales Tax Holiday exempts the first $2,500 of the purchase price of each eligible item for non-business use when the customer buys and accepts delivery of eligible property or places property on layaway.