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(AP) — Stocks rallied again on Wall Street as a post-election wave of buying continues, keeping the S&P 500 on track for its biggest weekly gain since April.
Even with the presidential election not yet called, investors are banking on control of Congress remaining split between Democrats and Republicans, which could mean the continuation of low tax rates and other business-friendly policies.
Tech stocks helped lead the way amid rising expectations that a split Congress would not be as aggressive about targeting Big Tech for antitrust issues.
The S&P 500 rose 1.9% Thursday, bringing its gain for the week to 7.4%.