Dow (hearts) gridlock

The key stock index closes at a new record high.

Katharine Mieszkowski
November 9, 2006 4:17AM (UTC)

The Dow Jones industrial average closed today at another record high, this time reaching 12,176. Does that mean that, like many Americans, the Dow has taken a shining to the Democrats? Not exactly. But, apparently, the markets have a fondness for divided government. As one financier told Bloomberg News: "Gridlock is probably good for stocks as there will be no radical changes in policy."

Katharine Mieszkowski

Katharine Mieszkowski is a senior writer for Salon.

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