● Dow Surges 2.2% as Democrats Sweep Congress

US stocks jumped at the open on November 4 after Democrats won control of both the House and Senate in the midterm elections, easing fears of prolonged policy gridlock. The Dow Jones rose 1,131 points, or 2.2%, while the S&P 500 ($SPY) added 1.6% in early trading. Commodities moved the other way: WTI crude fell 3% on the same news, while silver jumped 4.44% to $51.98 an ounce as traders rotated into havens.