U.S. Stocks Surge, and the Dow Soars 1,500 Points as Brent Oil’s Price Drops Below US$95 per Barrel
Investors bet split control in Washington will limit major policy changes as the S&P 500 rose 1.8% and the Dow jumped 1,524 points.
- On Wednesday, U.S. stocks soared after President Donald Trump's party lost sole control of Washington in midterm elections, with the Dow Jones Industrial Average climbing 1,524 points, or 2.9 percent.
- Treasury yields eased as investors perceived reduced risks of mounting national debt with split control of Washington, with the 10-year Treasury falling to 4.90 percent from 4.95 percent late Tuesday.
- Green power companies surged on Democratic congressional control, with First Solar jumping 9.4 percent and Enphase Energy climbing 9.8 percent, while military stocks like Lockheed Martin fell 6.6 percent.
- Brent crude plunged 9.2 percent Wednesday to $94.11 per barrel, falling below $100 for the first time in nearly a month amid ongoing volatility since the war with Iran began.
- Alphabet rose 4.2 percent while Nvidia sank 1.3 percent, reflecting mixed performance in AI-related stocks; DollarTree climbed 10 percent as retail showed broader strength amid shifting market sentiment.
22 Articles
22 Articles
A strong stock market rally followed the US midterm elections, with investor sentiment improving significantly throughout the day. Democrats won majorities in both houses of Congress, narrowing Donald Trump's economic policy room. The results sparked a wave of selling in the early hours of the morning on fears of tighter technology regulations and a slowdown in data center investments, but as the uncertainty surrounding the election eased, leadi…
Bowen Island Undercurrent
S&P/TSX composite jumps more than 700 points, U.S. stocks soar after midterms
TORONTO — Canada's main stock index was up more than 700 points, while U.S. markets also posted big gains after the U.S. midterm elections saw Democrats take control of Congress. “The market is reacting to the size of the wave.
The prices of future oil contracts deepened the losses, with Brent, global reference, below US$ 100 per barrel for the first time since the beginning of October, after President Donald Trump claimed to have no immediate plans to attack Iran, after a Republican defeat in the US midterms elections. At around 2:00 p.m., at Intercontinental Exchange (ICE), Brent oil for delivery in January fell 9.11% to US$ 94.09 per barrel. Already at New York Merc…
The Brent oil barrel fell below the $100 threshold on Wednesday, after the unrighteous victory of the Democrats in both chambers of the American Congress, which, according to analysts, was likely to limit Donald Trump's margin of manoeuvre in the Iran War.
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
