The Dow rose 3.03% as oil plunged, while the S and P 500 gained 1.58% and the Nasdaq added 1.44%.
CAMS Closing Market Recap.
Wednesday, November 4, 2026.
Good evening.
The Dow rose 3.03% as oil plunged, while the S and P 500 gained 1.58% and the Nasdaq added 1.44%.
The Russell 2000 gained 1.50%.
Eight of 11 sector funds rose, and advancers led decliners on both exchanges.
Consumer discretionary led the sector board with a 4.26% gain.
Energy lost 4.72% as crude collapsed.
Industrials fell 1.09%, while technology finished nearly flat.
Volume in S P Y, Q Q Q and I W M exceeded each fund's 10-day average.
Reuters linked the rally to reduced political uncertainty after Democrats won both houses of Congress.
Amazon rose more than 6%, and Microsoft gained nearly 7%.
Vertiv dropped almost 13%, and Super Micro fell nearly 6% amid worries about data-center buildout policy.
A D P said private employers added 86,000 jobs in October.
I S M services registered 54.5, while its prices index remained high at 73.
The 10-year Treasury yield eased to about 4.9%, the dollar weakened, and the V I X fell below 17.
W T I crude settled near $88 a barrel after falling almost 8%.
Gold climbed more than 3%.
E I A said commercial crude inventories fell even as oil prices sank.
The session was broad, but the split between cash-rich platforms and data-center suppliers kept policy risk in view.
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