Stocks surged and oil prices fell as markets responded to the midterm rout
U.S. stock markets appeared Wednesday to be smiling upon the electoral “blue wave” — with most major indexes on the rise after Democrats won control of both the House and Senate.
TL;DR
- Major U.S. stock indexes rose following the Democratic Party's electoral victories.
- The S&P 500 saw its biggest one-day gain since August 2026, rising 1.6 percent.
- The Nasdaq composite increased by 1.4 percent.
- The Dow Jones Industrial Average recorded a 3.1 percent rise, its best performance since April 2025.