Wall Street rallies as Democrats sweep midterms, oil prices fall

The Dow Jones surged over 1,500 points, or 3%, closing above 53,000 for the first time since September 8, its biggest single-day gain since April 2025. The rally followed a Democratic sweep of both chambers of Congress and an 8% drop in Brent and WTI crude below $100 a barrel. Trump's conciliatory tone on the results also eased investor concerns.