Alcohol stocks rose Wednesday as investors bet that the midterm election results could bring a change in trade and immigration policy. The expectation is that the new Congress will push back against Trump administration policies that have hurt alcohol businesses.
Constellation Brands, which sells Modelo and Corona in the United States, climbed as much as 7.4%, its largest intraday gain since April. Boston Beer, Brown-Forman and Molson Coors Beverage also advanced.
Sources: Bloomberg Markets.