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U.S. equities traded slightly higher on Wednesday, following the conclusion of the midterm elections, where Republicans managed to take control of Congress. In economic news, ADP’s private sector payrolls rose by 230,000 in October, coming in above the expected 220,000 gain. The Institute for Supply Management reading on U.S. services was also reported, coming in below expectations, though still within expansion territory. Meanwhile, the S&P 500 is on track to report third quarter earnings growth of 8% from a year prior, with more than 400 companies reporting [see also Invest Like a Billionaire: Under the Hood of the IBLN ETF]. [click to continue…]

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