US stocks surge and the Dow soars 1,500 points as Brent oil drops below $95
Summary
U.S. stocks rallied on Wednesday 4 November as Wall Street tried to sort the winners from the losers following stunning losses for President Donald Trump's party in the midterm elections, The Philadelphia Inquirer reported, the Dow soaring more than 1,000 points as stocks headed toward their best day in 3 months. Stocks then surged and the Dow soared 1,500 points as Brent oil's price dropped below $95 per barrel, the Inquirer and PBS NewsHour reported, the Inquirer's later report headlining that oil prices tumbled following the US midterms. CNBC reported that crude oil prices fell more than 4% on Wednesday, below $90 a barrel, after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.
Latest: U.S. stocks surged and the Dow soared 1,500 points as Brent oil's price dropped below $95 per barrel, The Philadelphia Inquirer and PBS NewsHour reported, after President Donald Trump's party lost its sole control of Washington in the midterm elections, and CNBC reported that crude oil prices fell more than 4% after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.
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How it unfolded
Wednesday 4 November
U.S. stocks surged and the Dow soared 1,500 points as Brent oil's price dropped below $95 per barrel, The Philadelphia Inquirer and PBS NewsHour reported, after President Donald Trump's party lost its sole control of Washington in the midterm elections, and CNBC reported that crude oil prices fell more than 4% after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.
- 16:23The Philadelphia Inquirer Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections
- 16:03The Philadelphia Inquirer US stocks surge, and the Dow soars more than 1,500 points as oil prices tumble following US midterms
- 15:47PBS NewsHour U.S. stocks surge, and the Dow soars 1,500 points as Brent oil's price drops below $95 per barrel
- 13:20The Philadelphia Inquirer US stocks surge, and the Dow soars 1,500 points as Brent oil's price drops below $95 per barrel
- 11:38CNBC Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war
- 10:25The Philadelphia Inquirer US stocks rally toward their best day in 3 months, and the Dow soars more than 1,000 points
- 09:47The Philadelphia Inquirer US stocks rally, and the Dow soars more than 1,000 points