After the US election, the New York stock market soared... Dow rises 3% and recovers to 53,000 level

On the 4th (local time), the major indices of the New York Stock Exchange rose all at once.

In the US midterm elections held the previous day, the Democratic Party took control of both the Senate and the House of Representatives and President Donald Trump announced his acceptance of the election results, which is interpreted as having the effect of resolving the political uncertainty that had weighed on the market and improving investment sentiment.

On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 53,356.12, up 1,569.40 points (3.03%) from the previous day.

The Dow rose by the largest margin in about 19 months since April 9, 2025, and exceeded the 53,000 mark again about two months after September 8.

The Standard & Poor's (S&P) 500 Index ended trading at 7,688.62, up 119.70 points (1.58%) from the previous trading session, and the Nasdaq Composite Index closed at 25,736.51, up 364.50 points (1.44%).