Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections
An AP News article reports that U.S. stocks soared after Democrats won control of both houses of Congress in the 2026 midterms, with the Dow rallying 1,569 points, the S&P 500 jumping 1.6%, and Brent crude tumbling 8.7% to $94.62. Hospital operators, dollar stores, and solar stocks led the rally, while Trump Media, AI-related stocks like Nvidia and CoreWeave, defense contractors, and oil companies fell; quoted analysts split over whether Trump becomes, in one's words, "a tame duck" or "an angry duck."
