BUZZ - As Democrats win control of Congress, Wall Street rises and financial stocks surge

November 4 - ** On Wednesday, Wall Street stocks rebounded as the Democratic Party achieved an overwhelming victory in the midterm elections, easing political uncertainty and boosting risk appetite. Financial stocks generally rose as well (link)

** Wall Street analysts pointed out that the midterm elections served as a "clearing event," since election-related uncertainties are now a thing of the past.

** The S&P 500 financial sector .SPSY rose 3.1%, while the benchmark S&P 500 index .SPX gained 1.86%.

** "By historical standards, this seems like a fairly normal election. The market appears to welcome this return to normalcy, and for now, a relief rally is taking shape," said Deutsche Bank Research.

** JPMorgan JPM.N, Morgan Stanley MS.N, Goldman Sachs GS.N, and Bank of America BAC.N all saw gains between 3% and 3.7%.

** Wells Fargo rose 2%, while Citigroup C.N was up 1.6%.

** Apollo Global Management APO.N and Brookfield Asset Management BAM.N each saw gains of about 7%.

** Blackstone Group BX.N, Ares Management ARES.N, and KKR KKR.N saw gains ranging from 5% to 6.5%.

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