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Stock futures higher on Wall Street
Stock futures higher on Wall Street The loans on its balance sheet continue to improve, and the bank's provision for credit losses fell to $336 million, from $2.2 billion in the same period a year earlier. Even its mortgage division, which took huge losses after the housing bubble popped

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US stocks typically ride midterm elections to solid gains

Regardless of how midterm elections turn out, Wall Street usually ends up a big winner.

The S&P 500, the stock market’s benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That’s 18 elections, many of which ended up shuffling the balance of power in Congress.

“It turns out that under every political makeup in Washington, stocks have gone up and the economy has grown,” said Kate Warne, an investment strategist for Edward Jones.

In midterms going back to 1946, the S&P 500 index had an average price return of 16.7 percent in the 12 months after the elections, according to CFRA.

Right now, polls show Democrats taking control of the House in the Nov. 6 elections while Republicans retain control of the Senate. One popular adage is that Wall Street likes gridlock in Washington, because it creates less uncertainty and diminishes the likelihood of major legislation that could upset the markets.

40-Year-Old Gang Member Convicted of Fatally Shooting Huntington Beach Teen, Hiding Body in Cooler

Anthony Robert Moreno, 40, was found guilty Thursday of first-degree murder and possession of a firearm by a felon, according to the Los Angeles County District Attorney’s Office.

Moreno was initially arrested after Dawn McEveety, 19, was shot and killed at a residence on Nov. 24, 2015, in the 11900 block of 183rd Street in Artesia, according to a news release from the Los Angeles County Sheriff’s Department.

Moreno armed himself with a gun and fatally shot the Huntington Beach teen inside of the home, which was known as a gang hang out, according to the DA’s office.

McEveety was killed inside the residence’s detached garage, the District Attorney’s Office stated.

Afterward, Moreno placed the body in a cooler and transported her to the Whittier area where she was left inside a stolen vehicle, the DA’s office said.

Sheriff’s Department deputies responded to an abandoned vehicle call on Nov. 29, 2015, to Rivera Road west of Bradwell Avenue, authorities previously stated.