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NEW YORK (MarketWatch) — As you already know, Republicans had a great night Tuesday, taking control of the Senate and easily retaining their House majority.

U.S. stocks appear headed for big gains Wednesday, but then history shows midterm elections have typically proved to be a vote for the market. Regardless of which party comes out on top after the ballots are cast halfway through a president’s four-year term, the market historically has fared exceedingly well.

However, there are a number of ways to parse the data. Here’s what you need to know in the wake of Tuesday’s results.

Read full article at:  ow.ly/DSmey