S&P 500 Rallies 1.8% Following Democrats' Sweep of U.S. Congress

The S&P 500 climbed 1.8% intraday to 7,703.68 on Wednesday as U.S. equities rallied broadly following midterm election results confirming a Democratic sweep of both the House and Senate. Top index gainers included Stanley Black & Decker, which surged 16.87%, and Block, rising 15.67%. The rally began in premarket retail trading, boosted by expectations of tariff resistance and affordability support. Sentiment strengthened further on indications President Donald Trump is willing to work with Democrats, reducing gridlock fears, alongside supportive economic data showing private payrolls added 86,000 jobs in October.