New York stock market closed higher after Democrats' victory in midterm elections

At the closing, the Dow Jones index gained more than 1500 points and increased by 3.03 percent, reaching 53,356.12 points.

The S&P 500 index increased by 1.58 percent to 7,688.62 points and the Nasdaq index increased by 1.44 percent to 25,736.51 points.

The victory of the Democrats in the midterm elections held during the second term of President Donald Trump in the USA created a positive atmosphere in the stock markets.

According to unofficial results, Democrats reached 54 seats in the Senate and 237 seats in the House of Representatives. Thus, Republicans lost their majorities in both houses of Congress.

Trump expressed his readiness to work with Democrats as he accepted the midterm election results.

While it is assessed that the election results may limit the Trump administration's capacity to implement its legislative agenda and increase political gridlock in Washington, the expectation that comprehensive policy changes may remain more limited supported the rise in stock markets.

On the other hand, concerns that audits and regulations regarding artificial intelligence may be tightened put pressure on the shares of data center companies.

The shares of Applied Digital, one of the data center operators, lost 6.74 percent and the shares of Core Scientific lost 10.39 percent.

The shares of SpaceX and Tesla, managed by businessman Elon Musk, who stood out as one of the biggest supporters of the Republicans in the elections, decreased by 3.81 percent and 3.34 percent, respectively.

As the Democrats' victory in Congress and Trump's acceptance of the election results reduced political uncertainty and risks, the US 10-year bond interest rate decreased to 4.89 percent.

Following the election results, there was a sharp decline in oil prices. US Vice President JD Vance attributed the reason for the Republican Party's loss in the midterm elections to the war with Iran and relations with Israel, and US President Trump said that the defeat against the Democrats was largely due to the "Iran war" and the "high cost of living" caused by the war, strengthening the expectations that the war could end and accelerating the decline in oil prices.

The January futures barrel price of Brent oil decreased by more than 8 percent to 95.04 dollars as of 00.30 GMT. At the same time, the barrel price of West Texas Intermediate (WTI) crude oil found buyers at $88.48.

On the macroeconomic data side, indicators regarding the state of the labor market were followed before the non-farm employment data to be announced on Friday in the USA. According to the data announced today in the country, private sector employment increased by 86 thousand people in October, exceeding market expectations.

The US Institute of Supply Management (ISM) service sector Purchasing Managers Index (PMI) fell to 54.5 in October, falling below market expectations, indicating that the growth rate in the sector was slowing down.