U.S. stock indices closed higher on Wednesday as tech and chipmaker shares recovered, with traders betting a Democratic sweep would slow AI capital spending. The S&P 500 gained 2%, the Nasdaq 100 rose 1%, and the Dow Jones jumped 3% to a one-year high, while WTI and Brent crude each fell about 8%. In contrast, semiconductor ETFs SMH and iShares Semiconductor dropped about 3% amid weakness in NVDA, MU and AVGO. Analysts said a divided government may limit additional fiscal stimulus and ease pressure on Treasury yields. Snap shares tumbled 11% after hours, and Intel CEO Lip-Bu Tan bought 150,000 shares worth $9.7 million through a family trust.
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midterm electionsS&P 500Dow Jonessemiconductorsoil pricesAAPL
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 766.73 |
| Change that session | +1.64% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 691.95 |
| Change that session | +0.97% |
AAPL
▲ Likely positiveApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/04/2026 | 349.62 |
| Change that session | +5.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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