Dow Surges 1,500 Points After Democrats Sweep Midterms

cnbc.com —

The Dow Jones Industrial Average surged over 1,500 points, or 3%, on Wednesday, marking its best session since April 2025, following a Democratic sweep in the midterm elections. The rally was broad-based, with several companies hitting new highs, including Darden Restaurants and Keurig Dr Pepper. Qualcomm rose 5.3% after announcing a deal with SpaceX for Starlink Mobile network technology. Looking ahead, major earnings reports are due after the bell from Affirm, Airbnb, Lyft, and Mattel. Activist investor Nelson Peltz's Trian Fund Management is seeking to take Wendy's private, while CNBC reports on Europe's energy crisis from Rome.


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