US stocks surge, Brent oil's price drops below $95 per barrel

U.S. stocks surged in New York Wednesday after President Donald Trump’s party lost its sole control of Washington in the midterm elections. The S&P 500 rose 1.8 percent, the Dow gained 1,524 points and the Nasdaq climbed 2.1 percent as of noon Eastern time. Brent crude fell 9.2 percent to $94.11 per barrel, while Treasury yields eased. Solar, healthcare and dollar-store stocks advanced, while defense, oil and several technology stocks declined.

Trump Media & Technology Group fell 12.2 percent, while Tesla dropped 3.4 percent and SpaceX sank 3 percent.

Nvidia fell 1.3 percent and CoreWeave dropped 9.2 percent, while Advanced Micro Devices rose 1 percent after reporting quarterly profit above analysts’ expectations.

First Solar jumped 9.4 percent and Enphase Energy climbed 9.8 percent; ExxonMobil fell 4.8 percent and ConocoPhillips dropped 5.9 percent.

Lockheed Martin fell 6.6 percent, Northrop Grumman declined 4.6 percent and General Dynamics lost 2.5 percent.

The 10-year Treasury yield fell to 4.90 percent from 4.95 percent late Tuesday, while indexes rose 2 percent in Paris, 2.2 percent in Shanghai and 1.8 percent in London; Japan’s Nikkei 225 fell 1.4 percent.

Published Nov 5, 2026 12:25 am KST

Updated Nov 5, 2026 2:39 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 soaring 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 jumped 1.8 percent. The Dow Jones Industrial Average was up 1,524 points, or 2.9 percent, as of noon Eastern time, and the Nasdaq composite was 2.1 percent higher.

Stocks of solar-power companies, dollar stores and hospital owners helped lead the way as Wall Street tried to sort the winners from losers following 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.

The price for a barrel of Brent crude oil fell below $100 for the first time in nearly a month. Vice President JD Vance blamed the war with Iran, which caused a spike in oil prices, for Republicans’ midterm losses.

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. 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, down 12.2 percent.

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 3.4 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 victories across the country could mean more regulation or restrictions. Concerns have grown across political parties about AI in general.

Investors see Democratic wins in Texas in particular as possibly slowing the build out of further AI data centers. AI-related stocks came into Election Day already under pressure because of worries their prices had shot too high.

Nvidia, the chip company that quickly became the poster child of the frenzy around AI-related stocks, sank 1.3 percent and was the heaviest weight on the S&P 500. CoreWeave, a company that rents out access to AI chips to customers over the cloud, dropped 9.2 percent

Advanced Micro Devices, another chip giant, held up better. It added 1 percent after reporting much stronger profit for the latest quarter than analysts expected.

Companies that have been spending heavily on AI chips also did better. Alphabet rose 4.2 percent, for example, after it tumbled more than 12 percent Thursday to its worst loss ever on worries that it was spending too much on AI investments.

Defense stocks are down

A Democratic-led Congress could push Trump to pull back on the war with Iran.

That helped send down stocks of companies that make weapons and other equipment for the U.S. military, including drops of 6.6 percent for Lockheed Martin, 4.6 percent for Northrop Grumman and 2.5 percent for General Dynamics.

Green power companies are up, and oil prices are down

Democratic control of Congress could light the way for companies in the solar and wind industries. First Solar jumped 9.4 percent, and Enphase Energy climbed 9.8 percent.

Stocks of big oil companies, meanwhile, sank. ExxonMobil fell 4.8 percent, and ConocoPhillips dropped 5.9 percent. They had been rallying for much of the year after Trump and Israel began the war with Iran, which sent crude prices much higher.

The price for a barrel of Brent crude, the international standard, plunged 9.2 percent Wednesday to $94.11.

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.

Healthcare stocks and dollar stores also rallied

A Democratic-led Congress could try to reverse some of the cuts to federal healthcare and food assistance that Republicans approved during the summer in their “One Big Beautiful Bill Act.”

That helped stocks climb across the healthcare industry, including a rise of 9.8 percent for HCA Healthcare, which runs hospitals and ambulatory sites.

Retailers also benefited on hopes that Democrats may push policies to help Americans struggling to keep up with the fast-rising cost of living. DollarTree, which focuses in particular on lower-income Americans, had one of the market's bigger leaps and rose 10 percent.

Bond yields are down

In the bond market, Treasury yields eased. That could be a signal investors see less risk of Washington piling even more debt onto its already big mountain with the coming end to one-party control.

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 4.90 percent from 4.95 percent late Tuesday.

Stocks jump in much of the world

Indexes climbed across most of the world. Stocks leaped 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.

周三，美国股市在纽约大幅上涨，此前特朗普总统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。截至美国东部时间中午，标普500指数上涨1.8%，道琼斯工业平均指数上涨1524点，纳斯达克综合指数上涨2.1%。布伦特原油价格下跌9.2%，至每桶94.11美元，而美国国债收益率有所下降。太阳能、医疗保健和廉价商品类股上涨，而国防、石油和一些科技类股下跌。

特朗普媒体与科技集团股价下跌 12.2%，特斯拉股价下跌 3.4%，SpaceX 股价下跌 3%。

英伟达股价下跌 1.3%，CoreWeave 股价下跌 9.2%，而超微半导体公司在公布季度利润超出分析师预期后股价上涨 1%。

First Solar股价上涨9.4%，Enphase Energy股价上涨9.8%；埃克森美孚股价下跌4.8%，康菲石油股价下跌5.9%。

洛克希德·马丁公司股价下跌 6.6%，诺斯罗普·格鲁曼公司股价下跌 4.6%，通用动力公司股价下跌 2.5%。

10 年期美国国债收益率从周二晚些时候的 4.95% 降至 4.90%，而巴黎股市指数上涨 2%，上海股市指数上涨 2.2%，伦敦股市指数上涨 1.8%；日本日经 225 指数下跌 1.4%。

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2:39（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，美国股市飙升，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指数上涨1.8%，道琼斯工业平均指数上涨1524点，涨幅2.9%（截至美国东部时间中午），纳斯达克综合指数上涨2.1%。

在共和党遭遇普遍挫败后，华尔街试图区分赢家和输家，太阳能公司、一元店和医院所有者的股票领涨。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。

布伦特原油价格近一个月来首次跌破每桶100美元。副总统万斯将共和党中期选举失利归咎于导致油价飙升的伊朗战争。

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，华尔街或许已经如愿以偿地迎来了他们更倾向的政治局面，因为民主党即将掌控参众两院。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市场上的输家之一，下跌了 12.2%。

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3.4%，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，而民主党在全国范围内的胜利可能意味着更多的监管或限制。各政党对人工智能的担忧普遍加剧。

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的进一步建设。由于担心人工智能相关股票的价格已经飙升过高，这些股票在选举日之前就已经承压。

英伟达（Nvidia）这家芯片公司迅速成为人工智能相关股票热潮的代表，股价下跌1.3%，成为标普500指数中拖累最大的股票。CoreWeave是一家通过云端向客户出租人工智能芯片的公司，股价下跌9.2%。

另一家芯片巨头AMD表现较好，股价上涨1%，此前该公司公布的最新季度利润远超分析师预期。

在人工智能芯片领域投入巨资的公司表现也更好。例如，Alphabet股价周四暴跌超过12%，创下史上最大单日跌幅，原因是市场担忧该公司在人工智能投资方面支出过多。但随后该公司股价上涨了4.2%。

国防股下跌

民主党掌控的国会可能会迫使特朗普停止对伊朗的战争。

这导致为美国军方制造武器和其他装备的公司的股价下跌，其中洛克希德·马丁公司下跌 6.6%，诺斯罗普·格鲁曼公司下跌 4.6%，通用动力公司下跌 2.5%。

绿色能源公司股价上涨，而油价下跌。

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9.4%，Enphase Energy股价上涨9.8%。

与此同时，大型石油公司的股价下跌。埃克森美孚下跌4.8%，康菲石油下跌5.9%。此前，在特朗普和以色列发动对伊战争后，原油价格大幅上涨，这些公司的股价在今年大部分时间里都呈现上涨趋势。

国际基准布伦特原油价格周三暴跌9.2%，至每桶94.11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。

医疗保健类股和一元店股票也出现上涨。

民主党领导的国会可能会试图推翻共和党在夏季通过的“一项伟大的法案”中批准的部分联邦医疗保健和食品援助削减措施。

这有助于医疗保健行业的股票普遍上涨，其中经营医院和门诊中心的 HCA Healthcare 股价上涨了 9.8%。

零售商也受益于市场对民主党可能出台政策的预期，这些政策旨在帮助那些难以应对快速上涨的生活成本的美国人。主要面向低收入美国人的DollarTree股价涨幅居前，上涨了10%。

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，随着一党独大局面的结束，投资者认为华盛顿进一步增加债务的风险降低，而这些债务已然堆积如山。

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4.90%。

世界多地股市飙升

全球大部分地区的股指均上涨。巴黎股市上涨2%，上海股市上涨2.2%，伦敦股市上涨1.8%。日本日经225指数则表现异常，下跌1.4%。