Wall Street closed Friday's session in positive territory after a major stock rally registered in the previous trading session, with tech-heavy Nasdaq 100 leading the charge by rising over 200 points. The positive sentiment continued today following the better-than-expected October inflation data for the United States, which showed the annual CPI figure declined for the fourth month in a row to land at 7.7%.
The Nasdaq 100 soared 1.82% or 211 points at the closing bell, registering the best two-day gains since 2008. The S&P 500 rose 0.92%, remaining just below 4,000 points. The Dow Jones gained 0.10%. Both the euro and the pound extended gains against the dollar, hovering around August highs.
Vote counting in the US midterms continued, with control over Senate yet to be decided after results from Arizona, Nevada, and Georgia. Unless the GOP takes both Arizona and Nevada Senate seats in the coming days, final results won't be unveiled until early December following Georgia's runoff election. Meanwhile, the Republicans remained close to obtaining power in the House of Representatives, missing only seven seats to reach the majority.
