Markets cool after the monster post-election rally; Musk's stocks under pressure

FinanceInternationalCNBCNov 5, 2026, 8:41 AMAI summary

Wall Street futures are mixed after the Dow posted its best day since April 2025, rising more than 1,500 points following the Democratic victory in the midterm elections. Oil steadied after falling more than 8% on Wednesday, with Brent and WTI lower. Tesla and SpaceX fell again in premarket trading and Qualcomm was down more than 9% after smartphone chip sales missed estimates. Bitcoin hovered around the $80,000 mark.

In 35 seconds

The Dow closed its best day since April 2025 with a gain of more than 1,500 points after the Democratic midterm victory.
Brent and WTI fell more than 8% in Wednesday's session and then steadied.
Tesla and SpaceX fell more than 3% and kept declining in premarket trading, after Musk's $474 million election gamble failed.

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IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

mercados
petróleo
elecciones
semiconductores
bitcoin

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Markets cool after the monster post-election rally; Musk's stocks under pressure

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Keep reading

Dow plunges 1,200 points and Nasdaq enters correction territory after midterm election results

BanRep raises inflation forecasts: 7.1% in 2026 and 4.8% in 2027

Oil prices fall to two-month low after midterm election results

Venezuela posted 6.2% inflation in October, the lowest of 2026