The article reviews SPY, the S&P 500 proxy, which has risen in five of six Novembers since December 1999 and was flat in 2010. The Dow ETF DIA finished higher in all six cycles since 2002, measured from the October close before each vote to the November close a year later, with gains ranging from 4.8% (2014) to 20.0% (2002). Even so, positive years included sharp drops, such as 2018, when SPY gained 1.9% in November but fell 8.8% in December and ended the year 7.1% below its pre-election level. Entering Wednesday, SPY was up 11.9% for 2026, and the article is watching whether it holds above its October close of $755.72 through year-end.
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midterm electionsS&P 500SPYDow Jones
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 685.34 |
| Change that session | +0.62% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 754.41 |
| Change that session | +0.31% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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