Dow Futures Soar 700 Points After Democrats Win Congress In 2026 Midterms

Published by

Anjali Belgaumkar

November 4, 2026

Hand holding torn financial chart split between green growth and red crash

US stock futures surged on Wednesday, recovering from steep overnight losses, as a clear result in the midterm elections eased political uncertainty. Dow futures rose 724 points, or 1.4%, while S&P 500 and Nasdaq-100 futures each gained about 1%. Democrats won control of both the House and Senate and took key governor races, including Texas. Fears of a disputed outcome faded after President Trump said he would accept the results. Health insurers rallied, led by Molina Healthcare up 6.3% and Centene up 4.7%, and solar stocks climbed. AMD jumped 6% after strong earnings. Tesla and SpaceX each fell nearly 5%, CoreWeave lost 3.6% and defence stocks declined.

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