Market close recap

Europe closed higher ▲ (Up)

• 🇩🇪

  DAX

  ^GDAXI

  26,438

  ▲ 2.22%

  Up
• 🇫🇷

  CAC 40

  ^FCHI

  8,178

  ▲ 1.96%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,266

  ▲ 1.97%

  Up

Wall Street closed higher ▲ (Up)

• 🇺🇸

  Nasdaq 100

  ^NDX

  28,437

  ▲ 0.91%

  Up
• 🇺🇸

  S&P 500

  ^GSPC

  7,689

  ▲ 1.58%

  Up
• 🇺🇸

  Dow Jones

  ^DJI

  53,356

  ▲ 3.03%

  Up

1. 1.

   Wall Street rallied after Democrats took control of Congress. The Dow rose 3.03%, the S&P 500 1.58% and the Nasdaq 100 0.91%. Investors are betting a divided Washington means fewer policy shocks.

2. 2.

   Brent crude fell 8.66% to 94.63 as markets read the election result as a possible shift in US Iran policy. The US 10-year yield eased to 4.89%, and energy stocks such as $VST slid.

   • $VST
3. 3.

   European indices closed firmly higher: the DAX rose 2.22%, the CAC 40 1.96% and the Euro Stoxx 50 1.97%, following the US rebound and the drop in oil.

4. 4.

   Apple had its best day in over a year, and Microsoft and Amazon together added about $400 billion in market value. The gains were concentrated in the largest tech stocks.

   • $AAPL
   • $MSFT
   • $AMZN
5. 5.

   Asia was mixed: the Hang Seng gained 2.25% and the Nikkei lost 1.42%. Earnings reactions were sharp. $DDOG fell about 14% despite a beat, and $QCOM dropped on a weak forecast as memory shortages hit smartphone demand.

   • $DDOG
   • $QCOM