US Stocks Hit 3-Month High After Democrats Sweep Congress
ndtv.com —
US stocks surged to a three-month high after Democrats swept both chambers of Congress in a major midterm rebuke to President Donald Trump, with the Dow jumping over 1,500 points on Wednesday. Investors bet a Democratic-controlled Congress will check Trump's unpredictable policies on tariffs, spending, and the Iran conflict, potentially reducing policy shocks. The S&P 500 recorded its strongest daily gain in three months, while oil prices tumbled over 8 percent. Democrats are expected to push tighter oversight of AI, tech, and digital assets, pressuring data-center operators and semiconductor stocks. Treasury bonds rallied on hopes of reduced deficit spending, while lower oil prices could ease inflation and support interest-rate cuts.