Market Midday: Stocks Rally After Midterms, Dow Jumps More Than 1,500 Points • 11/4/26

0:01See NBC Business News update market midday, a post midterm election rally for stocks today as investors, including international investors, give a thumbs up to the election results. Democrats taking full control of the House of Representatives and the Senate. The Dow up 1500 points, 1503. It's being led higher by shares of 3M, which are up almost 9%. Sherwin-Williams up 6%. Microsoft up 6.5%. The S &P 500 index is up 133 points. That's 1.75%. The Nasdaq's up 486 points, just shy of 2%. Chipmaker shares mostly in the red this afternoon. Crude oil prices are falling below$90 a barrel today. Vice President J.D.

0:50Vance blaming the GOP election defeat yesterday on the Iran war. Democrats have stated they want to end it as soon as possible. CNBC's David Faber asked Mad Money host Jim Cramer about the soaring rally as investors cheer the midterm election results. Jim, are you surprised to see the actually positive response overall to this election? In the market, I mean. Well, I am, because it's not like, you know, I think that there are certain parts of the Trump agenda that were inherently inflationary. I think we now realize that tariffs was a disaster. It accomplished absolutely nothing. Voters pushed back on AI data centers around the country.

1:32Here's some more from Mad Money host Jim Cramer with CNBC's Carl Quintanilla. There were 29 jurisdictions that did vote for data center restrictions of some kind. Juliet, Illinois, Hubbard, Ohio, Janesville, Wisconsin, and they were not close. We're talking 80, 75, 60 percent against. Well, it's funny. You can try to figure out why the people revolted. Did they revolt because of water pollution and electric? No. I think they revolted because they saw that jobs were taken away. They saw that jobs were taken away to China, and they couldn't vote on it. Here they voted. They believed that there could be a job apocalypse.

2:10And so therefore, let's stop these guys before it happened. I think that was what was on target. VEDA partners Henrietta Trays tells CNBC that the stock market rally makes sense today. The overwhelming rebuke and the overwhelming wins, the embrace on the House side and on the Senate side is so decisive. I imagine that's comforting to the investment community just because they know that there is certainty in terms of what the party is going to be able to maneuver around and avoid the fringes on either side. So it makes sense to me to have the market respond this way. SpaceX signing a deal with Qualcomm to provide network technology for its U.S.

2:51mobile service. McDonald's shares are up 5 % this afternoon on quarterly results. Revenue fell short of estimates, and while same-store sales fell in the quarter, wasn't as bad as Wall Street had forecast. McDonald's is also offering more deals and discounts, trying to lure in customers who are budget conscious. Uber shares are soaring this afternoon up 7 % on strong quarterly results. The CEO tells CNBC that the company's working to find more drivers. Reports say Uber and Lyft have had trouble finding drivers amid the U.S. government's crackdown on immigration. Dix and Foot Locker have signed WNBA basketball star Caitlin Clark as their first ever brand partner.

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