Stock Market Close (Nov. 4, 2026): Dow Gains 3% After Midterms
The Dow closed up 1,569 points, or 3.03%, at 53,356.12 on Wednesday as stocks rallied the day after the midterm elections. The S&P 500 rose 1.58%.
The Dow Jones Industrial Average closed up 1,569.40 points, or 3.03%, at 53,356.12 on Wednesday, November 4, 2026, as U.S. stocks rallied the day after the midterm elections. All four major U.S. indexes finished higher, according to closing figures published by TheStreet at 4:02 p.m. ET.
How the indexes closed
Index | Close (Nov. 4) | Point change | % change |
|---|---|---|---|
Dow Jones Industrial Average | 53,356.12 | +1,569.40 | +3.03% |
S&P 500 | 7,688.62 | +119.70 | +1.58% |
Nasdaq Composite | 25,736.51 | +364.50 | +1.44% |
Russell 2000 | 2,856.96 | +44.51 | +1.58% |
Source: TheStreet closing Market Wrap. The changes match Tuesday's closing levels reported by Zacks (Dow 51,786.72, S&P 500 7,568.92, Nasdaq 25,372.01).
The Dow led because several of its heavyweight members rallied hard. Earlier in the session, Apple, Amazon and Microsoft were each up more than 6%, while Nvidia was down, according to Stock Titan's live coverage. Blue chips doing that much better than the tech-heavy Nasdaq is unusual, and it explains why the Dow's percentage gain was about twice the Nasdaq's.
The election backdrop
Democrats won control of both the U.S. House and Senate, based on projections by The Associated Press that CNBC cited, according to Stock Titan. CNBC's Election Desk projected the House result. Some Senate races, including Alaska and Mississippi, were still being counted Wednesday afternoon, TheStreet reported.
Oil and gold
Energy markets moved sharply. Brent crude was down about $10 a barrel and trading below $100 for the first time in weeks as of 1:46 p.m. ET, TheStreet reported. Earlier, U.S. crude was down more than 8% at 12:21 p.m. ET, according to CNBC figures cited by Stock Titan. Gold futures rose 2.86% to $4,052.90 an ounce early in the day, per TheStreet. These are intraday figures, not settlement prices.
Big movers during the session
Intraday moves as of about 1 p.m. ET, according to Stock Titan:
- Duolingo (DUOL): up 34.13% after daily active users grew 29% from a year earlier.
- Kyndryl (KD): up 35.24% after it kept its outlook.
- FIS (FIS): down 24.16% after cutting its 2026 forecast. Read FIS stock sinks after lowering its outlook.
- Amdocs (DOX): down 26.67% on a weak fiscal 2027 revenue outlook.
- Trump Media (DJT): down 15.84% after the House projection.
- CoreWeave (CRWV): down 9.01%.
CVS Health also fell sharply after announcing a plan to split in two; see our CVS story. For the midday picture, see Stock Market Today, Nov. 4.
What it means for investors
A 3% day for the Dow is rare, but single-day moves around big events often reverse or extend in the days that follow. Before reacting, it helps to know how to read a stock quote and why the Dow, which is price-weighted, can move differently from the S&P 500. If you hold index funds, our guide to what an ETF is explains what you actually own.
The government's October jobs report is due Friday, November 6.
This article is for information only and is not investment advice.