US stocks rally after Democrats' midterm win
New York stock markets surged Wednesday following the Democratic Party's decisive victory in Tuesday's US midterm elections. The Dow Jones Industrial Average rose 3 percent, its largest single-day gain since April 2025, while the tech-heavy Nasdaq Composite Index climbed 1.4 percent. The market rally was driven by President Donald Trump's stated intention to cooperate with Democrats after the Republican loss, which investors viewed positively. Crude oil prices fell sharply to around $95 per barrel, down from roughly $107 the day before the election. A politically divided Washington, where Trump could potentially block legislation, is not seen as significantly altering economic policy. The market movement reflects investor optimism about the new political landscape following the Democratic victory.