Wednesday, March 14, 2012

Wall Street Awaits Election Results

NEW YORK - Investors will be looking to Washington in the coming week, not for more of the economic numbers that have weighed so heavily on the markets in recent weeks, but to determine whether the winners in Tuesday's midterm elections will pursue an agenda that could affect business interests.

Although professional investors are often viewed as politically conservative, Wall Street likes what many voters hate: gridlock. The Street likes to mitigate as many risks as possible, so a moribund, non-activist government is often seen as one less variable businesses must contend with.

Investors will be waiting to see whether Democrats will make inroads, as polls have repeatedly …

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