Dow has its best day since April 2025 after Democrats win Congress
The Dow Jones Industrial Average rose about 1,570 points, or 3%, on Wednesday, its best one-day gain since April 2025, after Democrats won control of the House and Senate, ABC News reports; Reuters says Wall Street closed sharply higher as the result eased political uncertainty. The S&P 500 rose 1.5% and the Nasdaq 1.4%, per ABC News. Oil futures fell more than 7%, to about $88.60 a barrel, after Vice President JD Vance blamed the Iran war for Republican losses. Data center and chip stocks fell, with Nvidia down about 3%.
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Why it matters
Retirement accounts and index funds that track the Dow, S&P 500 and Nasdaq rose on Wednesday. Oil fell more than 7% to about $88.60 a barrel; ABC News reports the national average gas price is $4.12 a gallon, down 24 cents over the past month.
Sources
- ABC News: Dow surges 1,500 points as Democrats take control of Congress
- Reuters via MarketScreener: Wall Street ends higher after Democrats win Congress; data center stocks tumble
- CBS News: Dow surges after Democrats take control of Congress
- Yahoo Finance: Stock market today live coverage
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