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US Stocks: Dow and S&P close at record highs but Nasdaq declines

FXStreet (San Francisco) - Wall Street closed mostly higher on Wednesday, as investors digested the victory of the Republican Party in the midterm elections in the United States, as well as a set of good corporate earnings and speculations about a better than expected US employment report.

The DJIA advanced 100.69 pts or 0.58% to finish at 17,484.53; the S&P 500 won 11.47 pts or 0.57% to 2,023.57; while the Nasdaq lost 2.91 pts or 0.06% to 4,620.72.

WTI oil extended Tuesday's bounce at 75.80 and closed positive at 78.90. Gold dropped to lows since April 2010 at 1,137.60.

A setback for Obama is a pro business outcome - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale noted that The Republicans gained control over both the House and Senate in the US mid-term elections.
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AUD/USD in extreme bearish territory

AUD/USD is trading at 0.8596, up 0.03% on the day, having posted a daily high at 0.8599 and low at 0.8590.
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