Trump appears to take credit for stock market rally day after multiple Democratic midterm wins

WASHINGTON (Gray News) – President Donald Trump took to social media on Wednesday to praise the sudden rise in stock prices a day after the midterm elections.

Trump posted to Truth Social, “Stock Market just hit another Record High — 91 Days in just a short period of time — Less than two years. Your 401(k)s are through the roof. Record Setting All! President DONALD J. TRUMP.”

U.S. stocks went soaring Wednesday following the GOP losing sole control of Washington in the midterm elections.

The Dow Jones Industrial Average was up 1,519 points, or 2.9%, with the Nasdaq composite up 1.9% as of Wednesday afternoon.

President Donald Trump speaks at a campaign rally at the Salina Regional Airport, Sunday, Nov. 1, 2026, in Salina Kan.(AP Photo/Jacquelyn Martin)

Stocks are said to generally do well in the months following any midterm U.S. election, regardless of who wins, but this year’s midterms were harsh to the Republican Party, with multiple GOP states and government positions flipping to the Democrats.

The Democratic Party appears set to take control of both the Senate and the House of Representatives, with experts noting Wall Street may have gotten a preferred political scenario, hence the jump in prices seen Wednesday.

U.S. SENATE BALANCE OF POWER

Trump continues to retain executive authority over key areas such as defense, foreign policy and, in some instances, trade.

The president said in an interview with Fox News that he would work with Democrats.

“Congratulations to the Democrats,” Trump was quoted as saying in the interview. “I think the Democrats did a good job. They fought hard. They’ve been fighting me for a long time. This fight’s been going on for ages.”

Trump added when asked about working with Democrats: “I would do that. I think the Democrats want to work with me.”

Copyright 2026 Gray Local Media, Inc. All rights reserved. The Associated Press contributed to this report.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Prediction: Nov. 6 Will Be a Huge Day for the Stock Market

Over the last few years, the stock market has become concentrated among a relatively small cohort of technology companies. These companies have an unusually strong influence over the direction of the S&P 500 (^GSPC +1.58%), making investor sentiment toward artificial intelligence (AI) particularly important to the broader market’s performance. As of Nov. 3, a little

Why SpaceX Stock Is Down Today

Space Exploration Technologies Corp. (NASDAQ:SPCX) stock is down 5.3% as of 2:53 p.m. ET on Wednesday, Nov. 4, after Democrats swept the midterm elections that Elon Musk spent heavily trying to swing the other way. The S&P 500 and the Nasdaq Composite are both up 1.7%. Missed Nvidia in 2009? This Rare Signal Is Flashing

AMD stock flat following strong Q3 earnings beat, as data center revenue climbs 97%

AMD (AMD) stock was flat after the company reported better-than-anticipated top and bottom lines Q3 results after the Tuesday. The company said its data center revenue exploded 97% year-over-year driven by server sales. “Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further in the fourth quarter as

Daily Market Price Updates and Commentary 4th November 2026

  ICE Futures U.S. Sugar No.11 Contract Settlement (cUS$/lb) Open High Low Last Volume O/I Life High Life Low Mar27 18.47 0.14 ▲ 18.43 18.56 18.33 18.47 80,185 614,050 21.29 14.42 May27 17.91 0.11 ▲ 17.90 18.01 17.80 17.91 38,977 199,285 20.40 14.29 Jul27 17.54 0.06 ▲ 17.59 17.67 17.46 17.53 23,768 149,836 19.81 14.27

Retirement funds shouldn’t be seen as stock market boosters, U.S. pension expert says

A U.S. pension expert urges Korea to protect retirement assets from policy pressure as it pushes pooled funds and a broader system overhaul. Alicia Munnell, senior advisor at Center for Retirement Research at Boston CollegeBOSTON COLLEGE [INTERVIEW] Korea must keep retirement pension funds independent of government policy goals and resist using them to prop up

The One Thing To Settle Before Buying Eli Lilly Stock

Image from Pixabay For questions about this article or underlying research, email help@trefis.com. Eli Lilly (LLY) is selling far more of two drugs, Mounjaro and Zepbound, than it did a year ago. The price the company collects in the U.S., however, is falling. For anyone who owns the stock, the depth of that decline is

US Stock Market Today: S&P 500 Futures Edge Up On Jobs Data Inflation Test

The Morning Bull – US Market Morning Update Wednesday, Nov, 4 2026 US stocks are set for a cautiously higher open, with sentiment pulled in two directions by strong economic data and sticky cost signals. The dominant driver this morning is firm US demand that keeps inflation worries alive. Factory orders rose 1.8% in September,

Forget The Short-Term Noise: This is Where Amazon Will Be in 2028

Quick Read AMZN hit a record 14% operating margin and 39% AWS growth, yet shares have gained just 6% year to date. The consensus price target sits at $332, while the base-case model reaches $377 and a five-year path extends to $518 by 2028. Andy Jassy says Amazon may build two trillion-dollar revenue businesses within

Tech Sell-Off: 2 Growth Stocks Investors Might Regret Not Buying on the Dip

After almost tripling from its 2022 bear market low point, the technology-heavy Nasdaq-100 index is now facing a big test. Investors are increasingly concerned about the sustainability of the artificial intelligence (AI) spending boom, placing pressure on semiconductor stocks like Nvidia and Micron Technology, which are among the largest members of the index. As a

SHOP Stock Sell-Off Looks Overdone as Margins and Guidance Shine

Shopify’s NASDAQ: SHOP stock sold off following its Q3 earnings release on fears that may be overblown given the company’s fundamental strength. Ultimately, it comes down to valuation: the approximately 80x current-year consensus earnings multiple it traded at before the release was high, pricing in perfection and leaving little room for weakness. The roughly 1%

The Smartest Dividend Stock to Buy With $1,000 Right Now

The market has been down over the past month as investors consider higher interest rates, inflation, and artificial intelligence (AI) spending, and now is a good time to think about defensive plays like dividend stocks. Also, $1,000 is enough to start a position in an excellent dividend stock that should pay you well forever. You

US stock futures fall amid key Democratic midterm election wins

Robert Wolf, a former economic advisor to Obama, and Steve Cortes, a former Trump campaign advisor, discuss the midterm election’s impact on Wall Street. U.S. stock futures fell sharply as Democrats scored key victories in the midterm elections and the Fox News Decision Desk projected the party will take control of both chambers of Congress.

Why Capri Holdings Stock Popped 32% in October

Shares of Capri Holdings (NYSE:CPRI) were on the move last month, jumping at the end of the month on a strong earnings report after earlier gains on speculation of a buyout. Capri also seemed to benefit from a rotation in consumer discretionary stocks as investors sold AI stocks last month. Missed Nvidia in 2009? This

Indonesia regulator announces sanctions for alleged stock market violations

End-of-day quote 2026-11-03 5-day change 1st Jan Change 324.00 IDR -2.41% -3.57% -51.28% Published on 11/03/2026 at 11:16 pm EST Reuters This article is reserved for our members. Log in to continue Log inCreate an account 11:16pm Indonesia regulator announces sanctions for alleged stock market violations RE Oct. 29 PT Panorama Sentrawisata Tbk Reports Earnings

0
Would love your thoughts, please comment.x
()
x