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At 2:01 p.m. the Dow Jones industrial average rose4.85 points, or 0.03 percent, to 17,395.37, the S&P 500 gained 4.35 points, or 0.22 percent, to 2,022.4 and the NasdaqComposite added 15.17 points, or 0.33 percent, to4,645.91.

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Historically, midterm elections correspond with market strength. Barclays noted that since 1928, the S&P 500 has posted a median return of 7 percent in the 90 days after a midterm, with returns positive 86 percent of the time.

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When it all began to fall apart, Dolan, desperate to change the narrative and avoid scrutiny, reached out to Jackson and essentially offered him a blank check. And although Jackson sounds sincere when he speaks fondly of his affinity for the Knicks, New York City, the fans and Red Holzman, it still took Dolan between $12 million and $15 million per season to convince the 69-year-old Hall of Fame coach to become the Garden’s latest savior.