Wall Street rallies the day after Democrats take both chambers
Democrats won majorities in both the House of Representatives and the Senate in the US midterm elections, and American equities rallied the following session on Wednesday, November 4.
The Dow Jones Industrial Average rose 1,569.40 points, or 3 percent, to 53,356.12, the S&P 500 gained 119.70 points, or 1.6 percent, to 7,688.62, and the Nasdaq Composite added 364.50 points, or 1.4 percent, to 25,736.51, Reuters reported.
CNBC reported the Dow closed above 53,000 for the first time since Sept. 8 and posted its best day since April 9, 2025.
