Dow posts its best day in 18 months as oil plunges on hopes the Iran war ends after Democrats take Congress

Summary

Stocks surged, oil prices plunged and bond yields fell on Wednesday as optimism grew that the Iran war could end sooner now that Democrats have clinched control of Congress. The Dow recorded its best day in 18 months in a broad relief rally, the S&P 500 rose, and oil fell below $100.

Timeline

1. MarketWatch

   4 Nov 2026, 21:29 UTCSource ↗

   MarketWatch reports that the Dow scored its best day in 18 months in a broad relief rally, as stocks surged, oil prices plunged and bond yields fell on Wednesday on optimism about a quicker end to the Iran war now that Democrats have clinched control of Congress.

2. Hindustan Times

   5 Nov 2026, 10:23 UTCSource ↗

   Hindustan Times reports that US stocks surged as oil prices plunged below $100 on hopes of an Iran war end after Democrats' midterm win, with the S&P 500 rising and bond yields falling.