Midterms push Dow to record - New York Report

US STOCKS rose yesterday, with both the S&P 500 and Dow advancing to records. The markets were buoyed after the Republicans took control of the Senate, allaying fears of drawn-out runoffs and raising investor hopes for more business- and energy-friendly policies.

The Dow Jones industrial average rose 100.69 points, or 0.58 per cent, to 17,484.53, the S&P 500 gained 11.47 points, or 0.57 per cent, to 2,023.57, but the Nasdaq Composite dipped 2.92 points, or 0.06 per cent, to 4,620.72.

Time Warner rose four per cent to $77.99 after it reported revenue growth of three per cent.

And Act­iv­ision Blizzard raised its full-year forecast, sending shares up 4.4 per cent to $20.83.

Weighing on the Nasdaq, TripAdvisor dropped 14.1 per cent to $71.95, a day after weaker-than-expected earnings.