Wall Street cheers US midterm results as Dow jones jumps 1300 points; Amazon, Apple, Microsoft among top gainers

US stocks rallied after Democratic gains in the 2026 midterm elections raised expectations of divided government, with the S&P 500 up 1.8%, the Dow Jones Industrial Average up 1.8%, and the Nasdaq Composite up 2.4%. Amazon gained 8%, Apple and Microsoft rose 6% each, Alphabet advanced 5.7%, and Meta gained 3.5%, while Tesla fell 2% and Nvidia declined 1%. Brent crude dropped by nearly $2 per barrel and the US 10-year Treasury yield eased 3 basis points to 4.917%.