# Stocks surge after Trump’s election rout

- URL: https://talkfuse.com/story/stocks-surge-after-trumps-election-rout/
- Published: 2026-11-04T16:22:12+00:00
- Updated: 2026-11-05T07:54:19+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/world/stocks-surge-after-trumps-election-rout-6524931
- Topics: Business, Elections, Markets, Politics, World

## Key points

- The Dow gained 3 per cent after Democrats won control of Congress.
- Oil fell more than 8 per cent on hopes the Iran war could end.
- Shares moved unevenly across technology, defence and renewable energy.

## Summary

US stocks surged on Wednesday after Democrats won control of both houses of Congress in the midterm elections, easing uncertainty for investors. Oil prices also fell sharply as markets anticipated the result could pressure President Donald Trump to seek an end to the US-Iran war.

The Dow rose 3 per cent, gaining more than 1,500 points to close at 53,356.12, while both major crude benchmarks fell more than 8 per cent to below US$100 a barrel. Microsoft and Amazon shares gained, while Nvidia and other chipmakers fell; Tesla, SpaceX and defence firms also declined, and First Solar rose. European and most Asian markets advanced, despite eurozone inflation reaching 4 per cent in October.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.