The Dow Jones Industrial Average rose 1,569.40 points, or 3.03%, to 53,356.12 on November 4, its best post-midterm day in 44 years in percentage terms, with 27 of 30 stocks closing higher. The rally was driven by relief after Trump said he accepted the election results, a drop of more than 8% in WTI crude to $88.12 a barrel, and a 20.26% fall in the VIX to 16.61. Because the Dow is price-weighted, Microsoft's 6.68% gain added about 207 points, while the S&P 500 rose 1.58% and the Nasdaq Composite 1.44%. The Dow still finished 1.83% below its August 5, 2026 record close of 54,349.12, and no major index closed at a record, though the Invesco S&P 500 Equal Weight ETF (RSP) hit a high close of $223.33. The article argues the rally rests on factors that can reverse quickly, including Trump's position, oil prices and the November 6 jobs report.
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Dow Jonesmidterm electionsoil pricesDonald Trump
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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: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 691.95 |
| Change that session | +0.97% |
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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