What was really behind Wednesday's monster rally? Trump quickly making peace
Image: CNBC
The stock market skyrocketed on Wednesday on the heels of a decisive sweep for Democrats in the 2026 midterm elections. But that was not necessarily the only driver of the climb.
"President Trump's acknowledgement of the Democrats' victory in the midterms and his expressed openness to collaborating with the opposition have helped markets to rally on hopes that contestation of the results and more adverse polarization can be avoided," said Thomas Hempell, Generali Investments senior economist.
Trump told The New York Times and The Wall Street Journal overnight Tuesday that he accepted the results and would work with Democrats. Those headlines coincided with a rebound in stock market futures.
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