America's billionaires woke up Wednesday to a political reckoning — and a Wall Street rally. As Democrats celebrated a sweeping midterm victory , some of the country's wealthiest donors traded barbs over record election spending . Others warned the results could threaten the artificial intelligence boom. Wall Street, however, cheered the outcome. The Dow Jones Industrial Average soared 1,569 points, or 3%, while the S&P 500 gained 1.6% and the Nasdaq Composite rose 1.4%, as investors welcomed political gridlock , reduced uncertainty and President Donald Trump's willingness to accept the results. Virgin Group founder Richard Branson took aim at the billions spent influencing the election.
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