From CNBC · Lee Ying Shan,Davis Giangiulio · · 1m 50s
Stock futures mixed after Democrats' midterm wins
U.S. stock futures mixed as Democrats secure midterm wins and oil prices drop.
In brief
U.S. stock futures mixed as Democrats secure midterm wins and oil prices drop. U.S. stock futures mixed following Democrats' decisive midterm election victory and a sharp decline in oil prices. Originally reported by CNBC.
U.S. stock futures mixed
U.S. equity futures traded mixed early Thursday following a sharp decline in oil prices and certainty around Democrats' midterm election wins.
S&P 500 and Nasdaq futures down
S&P 500 futures were down 0.3%, and Nasdaq-100 futures declined 1.17%.
Dow futures rose
Futures tied to the Dow Jones Industrial Average rose 141 points, or 0.26%.
Oil prices dropped sharply
West Texas Intermediate crude futures fell more than 8% to settle at $88.12 a barrel.
Dow gains 1,500 points
The Dow gained more than 1,500 points, or 3%, to post its best day since April 2025.
S&P 500 advances 1.6%
The S&P 500 advanced 1.6% as stocks rallied on Wednesday.
Vice President Vance blames Iran war
Vice President JD Vance blamed the Iran war for Republican losses in the midterms on Tuesday.
Asian markets mixed
Japan's Nikkei 225 gained 0.49%, while South Korea's Kospi dropped 2.33%.
Consumer discretionary stocks up
Consumer discretionary names such as Walmart helped lead the way higher on Wednesday.
Data center stocks fall
Names linked to data center build-out, like CoreWeave, fell on worries about backlash in light of election results.
Portfolio manager warns of volatility
Jordan Watson, a portfolio manager at Tandem Investment Advisors, said the rally could be temporary and volatility is expected.
Investors digest election results
We may be headed for more volatility as investors digest election results and potential policy implications.
Jobless claims data coming
Traders will watch for weekly jobless claims data and October's nonfarm payrolls report.
The one thing
U.S. stock futures mixed following Democrats' decisive midterm election victory and a sharp decline in oil prices.
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