Markets & Investing
Dow Soars 1,569 Points in Its Best Post-Midterm Day Since 1982
Wall Street cheered the end of election uncertainty after Democrats won Congress, and plunging oil prices added fuel.
By VICTORIA CHENStaff Correspondent · NEW YORK · Nov 4, 4:40 PM · 1 min. read
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.
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.
One strategist told Reuters that election clarity had reduced uncertainty. Stocks generally do well in the months after a midterm, whoever wins, the Associated Press noted. Oil helped too: crude fell about 8%.
Wall Street's fear gauge, the Cboe Volatility Index, had its worst one-day drop since April 9, 2025.
Not everything rallied. Chipmakers and data-center stocks fell, a warning sign that showed up again the next day.
Sources
- Reuters via Honolulu Star-Advertiser: Dow surges 1,569 points as Democrats win control of Congress (link)
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