NEW YORK - Stocks are still riding Wall Street’s post-election wave Thursday, as markets bet on the continuation of several business-friendly policies, and the S&P 500 is rallying 1.9% toward its biggest weekly jump since April.Markets are banking on Tuesday's election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo.
The election still hasn’t made clear who will run the White House next year, though Joe Biden is pushing closer toward the needed mark.The S&P 500 is on pace for its fourth straight gain of more than 1%, and a 7.3% jump for the week.