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Business & Finance · November 4, 2026

U.S. stocks surge, and the Dow soars 1,500 points as Brent oil's price drops below $95 per barrel

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Following the U.S. midterm elections, the stock market experienced a significant surge on Wednesday, with the Dow Jones Industrial Average rising over 1,500 points. This market reaction occurred as President Donald Trump's Republican Party lost its unified control of Washington, with Democrats gaining control of Congress. Market analysts noted that historically, stocks tend to perform well in the months following midterm elections regardless of the political outcome. Simultaneously, energy markets saw a decline, with Brent crude oil prices falling below $95 per barrel.

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Reported by multiple outlets

  • The Dow Jones Industrial Average rose by more than 1,500 points on Wednesday.
  • The market surge followed the U.S. midterm elections.
  • President Donald Trump's party lost sole control of Washington.
  • Brent crude oil prices dropped below $95 per barrel.

Reported by only some outlets

  • The S&P 500 rose 1.8%.
  • The Nasdaq composite rose 1.9%.
  • Stocks of solar-power companies, dollar stores, and hospital owners led the market gains.
  • President Trump stated he will accept the election results.
  • Investors anticipate potential risks for the artificial intelligence industry and businesses owned by Elon Musk.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.