US stocks rally toward their best day in 3 months

U.S. stocks surged Wednesday in New York after President Donald Trump’s party lost its sole control of Washington in the midterm elections, with the S&P 500 rising 1.8 percent toward its best day in three months. The Dow Jones Industrial Average gained 1,112 points, or 2.1 percent, and the Nasdaq composite rose 2.4 percent as of 10 a.m. Eastern time. Solar companies advanced while Trump Media, Tesla and several AI-related stocks fell. Treasury yields eased, and stocks rose in Paris, Shanghai and London while Japan’s Nikkei 225 declined.

First Solar jumped 11.1 percent, and Enphase Energy climbed 11.6 percent.

Trump Media & Technology Group fell 9.5 percent and had lost 55.1 percent for the year so far; Tesla fell 3.6 percent and SpaceX sank 3 percent.

Advanced Micro Devices rose 3.4 percent after reporting quarterly profit that was much stronger than analysts expected, while Nvidia slipped 0.5 percent.

The 10-year Treasury yield fell to 4.92 percent from 4.95 percent late Tuesday.

Brent crude dropped 2.9 percent to $100.63 amid uncertainty about the war with Iran and its implications for the global energy industry.

Published Nov 5, 2026 12:25 am KST

Updated Nov 5, 2026 12:39 am KST

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, Wednesday. Wall Street stocks bounced up early Wednesday as markets digested sweeping electoral wins by congressional Democrats expected to significantly saddle Republican President Donald Trump. AFP-Yonhap

NEW YORK — U.S. stocks are surging Wednesday after President Donald Trump’s party lost its sole control of Washington in the midterm elections.

Stocks generally do well in the months following any midterm U.S. election, regardless of who wins, and the S&P 500 soared 1.8 percent toward its best day in three months. The Dow Jones Industrial Average was up 1,112 points, or 2.1 percent, as of 10 a.m. Eastern time, and the Nasdaq composite was 2.4 percent higher.

Stocks of solar-power companies helped lead the way as Wall Street tried to sort the winners and losers from the widespread losses for Republicans. Investors, meanwhile, see risks ahead for Trump’s social-media company, the artificial-intelligence industry and businesses owned by Elon Musk, who donated heavily to Republicans.

Strategists along Wall Street had been urging investors not to get swept up in the election because it may not matter much for the broad market in the long term. Prices for stocks depend more on where profits for companies and interest rates are heading than on who controls what in Washington.

“Earnings trump elections,” according to Brian Jacobsen, chief economic strategist at Annex Wealth Management.

Still, Wall Street may have gotten a preferred political scenario as Democrats are set to take control of both the Senate and the House of Representatives. That could counterbalance Trump's White House, and Wall Street generally prefers split control of Washington because it lessens the risk of transformative changes to the economy.

Much remains impossible to predict, of course, and Trump retains executive authority over key areas such as defense, foreign policy and in some instances trade.

A downbeat forecast could be that “Trump is not now a lame duck, but an angry duck” who might restart tensions over tariffs and NATO allies’ levels of military spending, said Carsten Brzeski, global chief of macro at ING Bank.

An optimistic view, Brzeski said, is that Trump becomes “a tame duck... that he will slow down any disruptive efforts and that he will put more focus on trying to win the Nobel Peace Prize by ending the two big wars without big disruption, and on trade, nothing happens but a few words.”

Here’s a look at some of the moves rippling through financial markets:

Trump Media and Tesla are down

Trump’s social-media company, Trump Media & Technology Group, was one of the market’s bigger losers following the election and dropped 9.5 percent. It had already come into the day with a loss of 55.1 percent for the year so far as Trump’s approval ratings had weakened.

Since briefly touching a peak of $175 five years ago, it’s dropped toward $5. Its main business is Truth Social, which is most well known for Trump’s postings on the platform.

Elon Musk’s businesses also struggled. Tesla fell 3.6 percent, and SpaceX sank 3 percent. Musk, a former top Trump adviser, is among the possible targets for investigations by a Democratic-controlled Congress.

AI companies in general are under pressure

Trump has been a big backer of the AI industry, and Democratic control of Capitol Hill could mean more regulation or restrictions for the industry. Concerns have grown across political parties about AI in general.

Investors see Democratic victories in Texas in particular as possibly slowing the buildout of further AI data centers.

Nvidia, the chip company that quickly became the poster child of the frenzy around AI-related stocks, slipped 0.5 percent after falling as much as 2.8 percent earlier in the morning. CoreWeave, a company that rents out access to AI chips to customers over the loud, fell 6.8 percent

Advanced Micro Devices, another chip giant, held up better. It rose 3.4 percent after reporting much stronger profit for the latest quarter than analysts expected.

Green power companies are up

Democratic control of Congress could light the way for companies in the solar and wind industries. First Solar jumped 11.1 percent, and Enphase Energy climbed 11.6 percent.

Bond yields are down

In the bond market, Treasury yields eased. That could be a signal that investors see less risk of Washington piling even more debt onto its already big mountain.

Treasury yields had surged through the summer and reached their highest levels in decades because of worries about the U.S. government’s big debt, along with higher inflation and other concerns. A Congress controlled by Democrats could provide a check against more spending and cuts to taxes that would widen Washington’s deficit.

The yield on the 10-year Treasury fell to 4.92 percent from 4.95 percent late Tuesday.

Stocks rally in much of the world

Indexes climbed across most of the world. Stocks jumped 2.2 percent in Paris, 2.2 percent in Shanghai and 1.8 percent in London. Japan’s Nikkei 225 was an outlier and fell 1.4 percent.

Stocks worldwide got a boost from easing oil prices. Brent crude, the international standard, dropped 2.9 percent to $100.63 amid continued uncertainty about what the war with Iran will mean for the global energy industry.

The price for the most actively traded contract in the Brent market has been veering between roughly $70 and $120 per barrel since just before the war with Iran began.

周三，美国股市在纽约大幅上涨，此前特朗普所在的共和党在中期选举中失去了对华盛顿的单独控制权。标普500指数上涨1.8%，接近三个月来最佳单日表现。截至美国东部时间上午10点，道琼斯工业平均指数上涨1112点，涨幅2.1%，纳斯达克综合指数上涨2.4%。太阳能公司股价上涨，而特朗普传媒、特斯拉和几家人工智能相关公司股价下跌。美国国债收益率有所回落，巴黎、上海和伦敦股市上涨，而日本日经225指数下跌。

First Solar股价上涨11.1%，Enphase Energy股价上涨11.6%。

特朗普媒体与科技集团下跌 9.5%，今年迄今已累计下跌 55.1%；特斯拉下跌 3.6%，SpaceX 下跌 3%。

AMD股价上涨3.4%，此前该公司公布的季度利润远超分析师预期；而英伟达股价下跌0.5%。

10年期美国国债收益率从周二晚些时候的4.95%跌至4.92%。

由于伊朗战争及其对全球能源行业的影响存在不确定性，布伦特原油下跌 2.9%，至每桶 100.63 美元。

发布于2026年11月5日凌晨12:25（韩国标准时间）

更新于2026年11月5日凌晨12:39（韩国标准时间）

周三，纽约证券交易所（NYSE）开盘时，交易员们在交易大厅忙碌着。华尔街股市周三早盘大幅上涨，此前市场消化了国会民主党人取得的压倒性选举胜利，预计这将严重削弱共和党总统唐纳德·特朗普的执政地位。法新社-韩联社

纽约——周三，美国股市大幅上涨，此前唐纳德·特朗普总统所在的政党在中期选举中失去了对华盛顿的唯一控制权。

无论谁赢得美国中期选举，股市在选举后的几个月通常都会表现良好。标普500指数飙升1.8%，创下三个月来最佳单日表现。截至美国东部时间上午10点，道琼斯工业平均指数上涨1112点，涨幅2.1%；纳斯达克综合指数上涨2.4%。

在华尔街试图从共和党普遍遭受的损失中甄别出赢家和输家之际，太阳能公司的股票领涨市场。与此同时，投资者认为特朗普的社交媒体公司、人工智能行业以及曾向共和党大量捐款的埃隆·马斯克旗下的企业都面临着风险。

华尔街的策略师们一直敦促投资者不要被选举结果左右，因为从长远来看，这可能对整体市场影响不大。股票价格更多地取决于公司利润和利率的走向，而不是华盛顿的政治格局。

Annex Wealth Management 的首席经济策略师 Brian Jacobsen 表示：“盈利比选举更重要。”

不过，华尔街或许迎来了更理想的政治局面，因为民主党即将掌控参众两院。这可以制衡特朗普的白宫，而华尔街通常更倾向于华盛顿的两党分治，因为这能降低经济发生剧变的风险。

当然，很多事情仍然无法预测，特朗普仍然对国防、外交政策以及某些情况下的贸易等关键领域拥有行政权力。

荷兰国际集团全球宏观经济主管卡斯滕·布热斯基表示，悲观的预测可能是“特朗普现在不是跛脚鸭，而是愤怒的鸭子”，他可能会重新挑起关税和北约盟国军费开支水平方面的紧张局势。

布热斯基表示，乐观的看法是，特朗普会变成“一只温顺的鸭子……他会放慢任何破坏性举措的步伐，并将更多精力放在努力赢得诺贝尔和平奖上，通过结束两场大战来避免造成重大破坏，而在贸易问题上，除了几句话之外什么也不会发生。”

以下是一些正在影响金融市场的动态：

特朗普媒体和特斯拉股价下跌

特朗普的社交媒体公司特朗普媒体与技术集团是选举后市场上的重灾区之一，股价下跌了9.5%。由于特朗普的支持率下滑，该公司今年迄今已累计下跌55.1%。

五年前股价曾短暂触及 175 美元的峰值，之后一路下跌至 5 美元左右。其主要业务是 Truth Social，该平台最出名的是特朗普在该平台上发布的帖子。

埃隆·马斯克的几家公司也遭遇困境。特斯拉股价下跌3.6%，SpaceX股价下跌3%。马斯克曾是特朗普的高级顾问，目前正面临由民主党控制的国会的调查。

人工智能公司普遍面临压力

特朗普一直是人工智能产业的坚定支持者，而民主党掌控国会山可能意味着该行业将面临更多监管或限制。事实上，各政党对人工智能的担忧都在不断加剧。

投资者认为，民主党在德克萨斯州的胜利可能会减缓人工智能数据中心进一步建设的步伐。

英伟达（Nvidia）是人工智能相关股票热潮的代表，这家芯片公司迅速走低，股价下跌0.5%，早盘一度下跌2.8%。向客户远程租赁人工智能芯片的公司CoreWeave股价下跌6.8%。

另一家芯片巨头AMD表现较好，股价上涨3.4%，此前该公司公布的最新季度利润远超分析师预期。

绿色能源公司正在崛起

民主党掌控国会或将为太阳能和风能行业的公司带来利好。First Solar股价上涨11.1%，Enphase Energy股价上涨11.6%。

债券收益率下降

债券市场方面，美国国债收益率有所下降。这可能表明投资者认为华盛顿进一步增加债务的风险降低，而这些债务已经堆积如山。

由于市场担忧美国政府巨额债务、通胀加剧以及其他因素，美国国债收益率在夏季飙升，达到数十年来的最高水平。民主党掌控的国会可以有效遏制进一步的支出和减税措施，从而避免华盛顿的财政赤字进一步扩大。

10年期美国国债收益率从周二晚些时候的4.95%跌至4.92%。

世界多地股市上涨

全球大部分股市指数上涨。巴黎股市上涨2.2%，上海股市上涨2.2%，伦敦股市上涨1.8%。日本日经225指数表现异常，下跌1.4%。

油价下跌提振了全球股市。由于伊朗战争对全球能源行业的影响仍不明朗，国际基准布伦特原油价格下跌2.9%，至每桶100.63美元。

自伊朗战争爆发前夕以来，布伦特原油市场交易最活跃的合约价格一直在每桶 70 美元至 120 美元之间波动。