Stock Market Today (Nov. 4, 2026): Dow Jumps Above 53,000 at Midday
The Dow rose about 2.9% by midday Wednesday and moved back above 53,000, as stocks rallied after the midterm elections and oil prices fell sharply.
U.S. stocks rallied on Wednesday, November 4, the day after the midterm elections. By 12:21 p.m. ET the Dow Jones Industrial Average was up 1,514 points, or 2.9%, and back above 53,000 for the first time since September 8, according to CNBC figures reported by Stock Titan.
Where the indexes stood at midday
Index | Move (as of 12:21 p.m. ET) | Tuesday close |
|---|---|---|
Dow Jones Industrial Average | +2.9% | 51,786.72 |
S&P 500 | +1.7% | 7,568.92 |
Nasdaq Composite | +1.9% | 25,372.01 |
Midday moves are from CNBC as reported by Stock Titan. Tuesday closing levels are from Zacks. These are intraday figures and will change by the 4 p.m. ET close.
The election backdrop
Democrats regained control of both the U.S. Senate and House, The Associated Press has called, according to Spectrum News. Stocks moved higher as trading opened Wednesday, with the Dow up 1.90% shortly after the opening bell, according to TheStreet.
Oil and other markets
U.S. crude oil 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 Wednesday, TheStreet reported.
On the economic calendar, ADP said private employers added 86,000 jobs in October, according to Stock Titan’s live coverage. The government’s October jobs report is due Friday, November 6.
Biggest stock movers
- CVS Health (CVS): down 12.15% as of 1:02 p.m. ET, per Stock Titan, after announcing a plan to split into two companies. Read our story: CVS Health plans to split in two.
- FIS (FIS): down 24.16% in early afternoon trading, per Stock Titan, after lowering its 2026 outlook. See FIS stock sinks after lowering its outlook.
- McDonald’s (MCD): up 5.79% and Uber (UBER): up 6.89% around 1 p.m. ET after quarterly results, per Stock Titan.
- Duolingo (DUOL): up 34.13% around 1 p.m. ET after daily users grew 29% from a year earlier, per Stock Titan.
- Megacaps: As of 1:01 p.m. ET, Amazon was up 7.35%, Apple 6.66% and Microsoft 6.16%, while Nvidia fell 1.63%, according to Stock Titan.
What it means for investors
One-day swings around big events can be sharp in both directions. If you are building a long-term portfolio, our guide on how to start investing in stocks covers the basics, and stock market hours explains when U.S. prices are set.
This article is for information only and is not investment advice.