NEW YORK — U.S. stocks are surging Wednesday after U.S. President Donald Trump’s party lost its sole control of Washington in the midterm elections.

Stocks generally do well in the months following any midterm U.S. election, regardless of who wins, and the S&P 500 soared 1.8 per cent toward its best day in three months. The Dow Jones Industrial Average was up 1,112 points, or 2.1 per cent, as of 10 a.m. Eastern time, and the Nasdaq composite was 2.4 per cent higher.

Stocks of solar-power companies helped lead the way as Wall Street tried to sort the winners and losers from the widespread…