Dow Soars 1,569 Points in Its Best Post-Midterm Day Since 1982

Wall Street threw a party the day after the midterms.

The Dow Jones Industrial Average jumped 1,569.40 points, or 3%, to 53,356.12. The S&P 500 gained 119.7 points, or 1.6%, to 7,688.62, and the Nasdaq composite added 364.50 points, or 1.4%, to 25,736.51 ^[1].

It was the Dow's best day since April 2025 and its biggest gain after a midterm election since 1982, according to CFRA Research data cited by CNN. For the S&P 500, it was the second-best post-midterm session in that span ^[2].

One strategist told Reuters that election clarity had reduced uncertainty ^[1]. Stocks generally do well in the months after a midterm, whoever wins, the Associated Press noted ^[3]. Oil helped too: crude fell about 8% ^[4].

Wall Street's fear gauge, the Cboe Volatility Index, had its worst one-day drop since April 9, 2025 ^[5].

Not everything rallied. Chipmakers and data-center stocks fell, a warning sign that showed up again the next day ^[2].