US Stocks Surge Following Midterm Election Results

Key Facts

The Dow Jones Industrial Average surged over 1,241 points, or 2.40%, following the US midterm election results. HDFC Sky reported that the Nasdaq Composite rose 2.02% after Democrats won control of both chambers of Congress, as markets reacted positively to the political clarity provided by the outcome and President Donald Trump's acceptance of the results.

Broad gains were observed across technology sectors, with Apple rising 5.29% and Microsoft gaining 5.69%, while Amazon jumped 6.78% on November 4, 2026, according to HDFC Sky. Within the Dow, 3M climbed 7.37% and American Express added 2.83%, whereas major energy firms saw declines, with Exxon Mobil falling 2.96% and Chevron losing 2.40% on the same day.

Markets are now looking ahead to the release of US Initial Jobless Claims scheduled for November 5, 2026. The economic calendar also features speeches from several Federal Reserve officials, including Hammack and Barkin, on November 5, 2026.