US stocks jump as Democrats win Congress control
U.S. stocks surged on Wednesday, Nov. 4, after Democrats won control of Congress in the midterm elections, ending President Donald Trump's party's control of Washington.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
U.S. stocks surged on Wednesday, Nov. 4, after Democrats won control of Congress in the midterm elections, ending President Donald Trump's party's control of Washington. The Dow rose about 3 percent, its strongest post-election rally in decades, as oil prices dropped. Markets then reversed on Thursday, with stocks falling after the previous day's gains.
Timeline
- Nov 4, 3:47 PM ET: U.S. stocks soared on Wednesday after Trump's party lost control of Washington in the midterm elections, with the Dow climbing about 1,500 points.
- Nov 5, 2:02 AM ET: The Dow Jones Industrial Average closed up 3.2 percent on Wednesday as investors reacted to the Democrats' landslide victory.
- Nov 5, 5:46 PM ET: Stocks plunged the day after the surge, reversing most of the previous day's gains.
Coverage
- Japan vigilant to market moves, will focus on boosting economy, PM Takaichi says (Yahoo News)
- Stock market rises & falls post-election, but financial advisors warn against overreaction (komonews.com)
- Asia Hopes U.S. Midterm Results Will Ease Energy Crisis (oilprice.com)
- Stock market surges, then plunges after midterm elections (fox9.com)
- Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms (CNBC)
- Wall Street weighs economic fallout from Democrats' midterm sweep (katu.com)
- Wall Street welcomes gridlock after Democrats take control of Congress (komonews.com)
- How the midterm election results, balance of power could affect the economy, markets and AI boom (abc11.com)
- Democratic Midterm Sweep: What's Next For Markets, The Economy, And Canada (TD Wealth)
- Stock market reacts to Democrats' midterm win (NBC News)
- Howard's Business Report: Post-election stock market (hawaiinewsnow.com)
- Stock market today: Dow, S&P 500, Nasdaq trade mixed as post-election relief rally cools, oil rises (Yahoo News)
- Democrats take Congress as voters cite economy in midterm elections
- Democrats' midterm wins spark economic agenda debate as markets fall
- Trump blames vote outcome for stock market slump
- Democrats' midterm sweep rattles markets and reshapes U.S. policy outlook
- Democrats take Congress in midterms, reshaping Trump's final two years
- Democrats win full control of Congress in US midterms
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