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Stocks rally after Democrats march to midterm victories

Clean-energy and bank shares surged as investors priced in less policy upheaval and lower Treasury yields after Democrats won control of Congress.

  • 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.
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Santa Maria TimesSanta Maria Times
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NEW YORK (AP) — Share prices skyrocketed Wednesday in the United States after President Donald Trump's party lost Washington's exclusive control in the mid-term elections.

·Calhoun, United States
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, November 3, 2026.
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