US stocks rally after midterms; Brent drops below $95

in.gr (Greek) —

US stocks closed sharply higher Wednesday following the Democratic Party's sweeping victory in the midterm elections, while Brent crude oil fell below $95 per barrel, its lowest level in two months. The Dow Jones Industrial Average surged 1,569.40 points (3.03%) to 53,356.12, the Nasdaq gained 364.50 points (1.44%) to 25,736.51, and the S&P 500 rose 119.70 points (1.58%) to 7,688.62, mirroring gains in European markets. US Vice President JD Vance attributed Republican losses to the war with Iran, which had driven oil prices sharply higher. The election result shifts the balance of power in Congress.


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