● Dow Posts Best Day Since April 2025

The Dow Jones Industrial Average jumped 1,569.40 points, or 3.03%, to close at 53,356.12 on Wednesday, its best day since April 9, 2025, after Democrats won control of both chambers of Congress in the US midterm elections. The S&P 500 added 1.58% to 7,688.62 and the Nasdaq Composite gained 1.44% to 25,736.51. Crude oil told a different story: US crude fell more than 8%, with Brent futures down a similar amount, after Vice President JD Vance blamed the Iran war for the Republican Party's election losses, fueling bets that Washington will push harder to end the conflict. Traders read the same election result two ways: a relief rally for equities and a bet on cheaper oil ahead. $USO slid alongside crude as the divergence widened.