Democrats sweep US midterms, lifting stocks, Bitcoin and easing oil prices

Briefing by News4U · First published 2026-11-04 16:20:59 UTC

US stocks rose after the Democrats’ midterm election victory, with the S&P 500 opening 1.1% higher, the Dow Jones up 1.9% and the Nasdaq Composite gaining 1.1%. Bitcoin climbed above $80,000, up more than 4%, while WTI crude oil fell below $93 per barrel. Democrats flipped seven Senate seats and 25 House seats. President Trump linked Republican losses partly to the Iran conflict, and Iran’s parliament speaker said voters had “said NO TO WAR.” [1] [2]

Sources

1. Democrats’ midterm triumph sends US stocks soaring, but Tesla, SpaceX fall

   SCMP Business · 2026-11-04 15:06:38 UTC · Summary only

2. Bitcoin hits $80.5K as US stocks rally on midterm election results

   Cointelegraph · 2026-11-04 15:29:23 UTC · Full text

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