Stocks rally on Wall Street post-election

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NEW YORK (AP) Stocks are closing sharply higher on Wednesday as investors breathed a sign of relief that midterm elections went as expected, leaving split control of Congress.

Health care stocks did especially well Wednesday after the Democrats took the House of Representatives, greatly decreasing any chance that the Affordable Care Act will be repealed. UnitedHealth rose 4.2 percent.

After sustaining big losses in October, stocks are now the highest they've been in four weeks.

The S&P 500 index rose 58 points, or 2.1 percent to 2,813.

The Dow Jones Industrial Average climbed 545 points, also 2.1 percent, to 26,180.

The Nasdaq composite jumped 194 points, or 2.6 percent, to 7,570.

Bond prices fell.

The yield on the 10-year Treasury rose to 3.22 percent.