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Published: 11 November 2026,07:11
Daily Market Analysis New
*The Dow surged 3%, while the S&P 500 and Nasdaq gained 1.6% and 1.4%, respectively, as post-election uncertainty eased.
*Democratic control of Congress reduced expectations of abrupt policy changes, while falling oil prices and Treasury yields provided additional support to equities.
*Sustained gains will depend on upcoming economic data, corporate earnings, and developments in technology valuations, geopolitics, and energy prices.
Wall Street recorded a strong rebound in the sessions following the U.S. midterm elections, with all three major indices posting notable gains. The Dow Jones Industrial Average advanced approximately 3 percent in a single session, marking one of its strongest post-midterm performances in decades, while the S&P 500 rose around 1.6 percent and the Nasdaq Composite gained roughly 1.4 percent. The move reflected a broad improvement in risk appetite after several days of elevated volatility tied to the election outcome.
The election results themselves played a meaningful role in the rally. Democrats secured control of both chambers of Congress, ending unified Republican control and creating the prospect of divided government. Investors generally welcomed the reduced likelihood of abrupt policy shifts, viewing gridlock as a source of greater predictability. President Trump’s public acceptance of the results further eased concerns over prolonged political uncertainty, contributing to a decline in volatility measures and supporting equity prices.
Additional catalysts reinforced the upward move. A sharp decline in oil prices, driven by expectations that a Democratic-led Congress could increase pressure to de-escalate the conflict involving Iran, lowered inflation risks and supported lower Treasury yields. Healthcare and certain consumer-related sectors outperformed on hopes of policy adjustments, while the broader market benefited from the historical tendency for equities to strengthen in the months following midterm elections regardless of the specific outcome.
In the near term, the sustainability of these gains will depend on whether the initial post-election relief translates into sustained buying or gives way to renewed focus on valuation concerns, particularly in technology and AI-related names. Upcoming economic data and corporate earnings will also influence sentiment. While the election provided a clear catalyst for the rebound, the interplay of geopolitical developments, energy prices, and policy expectations remains central to the market’s direction.
Technical Analysis
Nasdaq, H4:
The Nasdaq has found support at its lowest level since April and subsequently rebounded by more than 6% from the bottom, signalling a meaningful improvement in near-term sentiment.
Despite the strength of the recovery, the index now faces a significant technical hurdle at 28,850, where horizontal resistance converges with the descending trendline. This confluence represents a critical test of whether the rebound can develop into a broader trend reversal.
A decisive break and sustained close above 28,850 would confirm renewed buying momentum and provide a strong signal of a longer-term bullish reversal. Conversely, a rejection from this area would suggest that the recovery remains corrective and could leave the Nasdaq vulnerable to renewed selling pressure.
Resistance Levels: 28,850.00, 29,860.00
Support Levels: 27,080.00, 26,280.00
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