• Americans celebrate Obama victory with tears and cheers
• McCain concedes defeat and congratulates Obama
• Obama vows to be president for all in acceptance speech
• Democrats expand control of Senate by at least five seats
• Asian markets rise on hopes Obama will boost U.S. economy
• Obama's Kenyan family sings 'we are going to the White House'
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Obama victory sets off jubilation
Play Video AP – Sights and Sounds: Presidential elation
From Harlem, to the avenue in Atlanta where the Rev. Martin Luther King Jr. was born, to Oakland, Calif., Americans black and white celebrated Barack Obama's election with tears, the honking of horns, screams of joy, arms lifted skyward — and memories of civil rights struggles past.
An estimated 100,000 people who had crowded into Grant Park in Chicago to greet Obama erupted in cheers and jubilantly waved American flags as TV news announced the Illinois senator had been elected the first black president. The Rev. Jesse Jackson, who had made two White House bids himself, had tears streaming down his face.
Gatherings in churches and homes spilled outdoors, with people dancing in the streets.
In Harlem, the roar of thousands of people gathered in a plaza near the legendary Apollo Theater could be heard blocks away.
In Oakland, Calif., on the other side of the nation, traffic stopped in Jack London Square as celebrating drivers honked and crowds took to
Obama vows to be president for all
Play Video Reuters – Obama wins U.S presidency
CHICAGO – A triumphant Barack Obama vowed to be a president for all America, even those who voted against him, and asked for patience to address the nation's problems of war and finance that he called the greatest challenges of a lifetime.
The first black president-elect cast his election as a defining moment in the country's 232-year history and a rebuke to cynicism, fear and doubt.
"If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer," he said in his first public words after winning the election.
His victory speech was delivered before a multiracial crowd that city officials estimated at 240,000 people. Many cried and nodded their heads while he spoke, surrounded by clear bulletproof screens on his left and right.