Dow Rallies 1,569 Points After Democrats Win Both Chambers

U.S. stocks surged Wednesday after Democrats won majorities in the House and Senate, sending the Dow Jones Industrial Average up 1,569.40 points as markets digested the midterm election result.

The Dow climbed 3.03% to 53,356.12, its biggest one-day point gain since April 2025, and closed above 53,000 for the first time since Sept. 8. The S&P 500 advanced 1.58%, while the Nasdaq Composite rose 1.44%.

After the close, AppLovin shares jumped about 21% to $328.05. The company posted third-quarter revenue of $2.18 billion, up 55% from a year earlier, and earnings per share of $4.30. It forecast fourth-quarter revenue of $2.37 billion to $2.4 billion and expanded its share-repurchase authorization by $3.2 billion.

Bitcoin (BTC) briefly fell near $75,000 before recovering to about $80,000.

U.S. initial jobless claims, scheduled for 8:30 a.m. ET Thursday, are the next economic release.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].