Stocks rally after Democrats march to midterm victories
Investors shifted toward clean-energy shares as Democratic control raised hopes for fewer policy swings and tighter scrutiny of AI and Trump-linked businesses.
- On Wednesday, Wall Street rallied after midterm elections delivered historic losses for the GOP, with the Dow Jones Industrial Average surging 1,178 points. Democrats are positioned to control both the Senate and the House.
- Investors generally prefer split control of Washington because it lessens the risk of transformative economic changes. The shift provides a counterbalance to the White House, currently led by President Donald Trump.
- Democratic control of Congress boosted solar and wind companies; First Solar jumped 15.1%. Conversely, Trump Media & Technology Group dropped 9.1% and Tesla fell 5.2% amid concerns about potential investigations.
- Global markets also climbed, with stocks in Paris, Shanghai, and London jumping. The yield on the 10-year Treasury fell to 4.92% from 4.95%, signaling reduced investor concerns about government debt.
- Historically, U.S. markets tend to perform well in the six months following midterm elections regardless of which party wins. Brian Jacobsen, chief economic strategist at Annex Wealth Management, noted that "Earnings trump elections.
157 Articles
157 Articles
The Dow Jones rose more than 1,200 points after the Democratic triumph in Congress. Solar actions shot up, while Tesla, Trump Media and Nvidia fell.
Media Stocks, Markets Surge In Post-Election Rally
“Guess my election-interfering space lasers didn’t work this time,” Elon Musk joked ruefully on X overnight after pouring hundreds of millions of dollars to back conservative candidates only to see a blue wave sweep the midterms and euphoria inflate markets — although not the billionaire’s SpaceX (-3%) and Tesla (-2%). They were among the few stocks in the red across all sectors in midday trade following the Democrats’ decisive flip of both hous…
The European Stock Exchanges fired on Wednesday (4), in line with the optimism seen in the American markets after the results of the mid-term elections in the United States. The assessment among operators is that the end of the lawsuit removed much of the uncertainty regarding the political direction of the US, which supports the appetite for risk. The strong fall in oil prices also contributed to the positive trend of the indices, while investo…
Sydney Morning Herald
ASX set to soar as Wall Street rallies; Trump Media, Tesla, SpaceX tumble; Oil prices slump
US stocks are soaring after President Donald Trump’s party lost its sole control of Washington in the midterm elections.
US stocks surge after Republicans lose sole control of Washington
U.S. stocks rallied after Republicans lost control of Congress in the midterms, with the Dow, S&P 500 and Nasdaq all rising. Solar stocks advanced, while investors flagged potential risks for Trump Media, AI companies and Elon Musk-linked businesses; analysts cautioned that corporate earnings and interest rates may matter more to markets over time than election results.
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