US stocks glided higher on Wednesday after Democrats won control of both chambers of Congress in a seismic midterm election, paving the way for a divided government.
The Dow Jones Industrial Average (^DJI) rose 2%, while those on the S&P 500 (^GSPC) climbed 1.5%.
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Wall Street strategists are urging caution despite the historical post-midterm rally in US stocks, citing concerns over AI regulation, elevated interest rates and the possibility of an earnings slowdown.
US stocks after midterms
While US midterm election results historically bode well for stocks regardless of which party wins,
» Read more about: Stock-market gains are weakest after Midterm results like these »
The “Blunami” is washing over markets.
US stocks rallied at the open as investors digested the stunning streak of Democrat victories in Tuesday’s midterm elections. The major indexes intially dropped overnight before reversing course to surge Wednesday morning, with the Dow up by more than 1,200 points.
Here’s where US indexes stood shortly after the 9:30 a.m.
Broadcom’s AI chip revenue is surging at a triple-digit pace while the stock trades near its 52-week low, and the gap between Wall Street’s target and one analyst model’s projection runs to hundreds of dollars per share. Three scenarios map…
Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is building custom AI chips for the biggest frontier labs,
The Oil/Energy sector is expected to report strong earnings growth in the third quarter of 2026, supported by higher crude oil prices and improved refining margins. However, the benefits have varied across the sector’s sub-industries. Oil producers have gained from stronger crude prices, while Natural gas producers have faced relatively weak market conditions due to abundant supplies.
» Read more about: What's in Store for These 4 Energy Stocks in Q3 Earnings? »
Let the picking of winners and losers begin for Wall Street following the stunning Democratic blue wave that erupted on Election Day late Tuesday.
A powerful Democratic surge swept across the nation on Election Day, securing majorities in both chambers of Congress in a strong rebuke of President Donald Trump’s handling of the economy.
Talks between Washington and Ottawa have been on and off for the past year and a half. Over that period, there have been instances when President Donald Trump and Canada Prime Minister Mark Carney appeared close to a trade deal, only for negotiations to break down.
» Read more about: Some optimism that renewed trade talks between US, Canada can lead to deal »
Gold’s spot price — or its current trading value — today as of 9:00 a.m. ET is $4,044.70 per ounce, according to CNBC’s Gold/ US Dollar Spot Price. That’s slightly higher than Tuesday’s price, when it traded at $3,960.45 per ounce at the same time.
» Read more about: The price of gold today, Nov. 4, 2026 — and the best places to buy »
Is option trading just about buying one call or one put?”In the articles so far, we have looked at buying and selling calls or puts one by one. However, the real fun of options lies in the fact that …
