Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections
Published . Updated .
Covered by 5 outlets: goSkagit, Union-Bulletin, KTVN, hngnews.com, Charleston Gazette-Mail.
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U.S. stocks soared after President Donald Trump’s party lost its sole control of Washington in the midterm elections. Stocks generally do well in the months following any midterm U.S. election,
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.6% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +15.62% | +7.76% | base | after close | after close | after close | after close |
| XLE | +8.20% | +5.91% | base | after close | after close | after close | after close |
| XOM | +8.07% | +6.07% | base | after close | after close | after close | after close |
| CVX | +6.66% | +5.01% | base | after close | after close | after close | after close |
| COP | +9.55% | +7.27% | base | after close | after close | after close | after close |
| SHEL | +5.73% | +3.06% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections goSkagit
Source: goSkagit
Price since this story was published: United States Oil Fund (USO)
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | three days earlier | +7.27% | final price |
| Conocophillips (COP) | five days earlier | +9.55% | final price |
| Chevron (CVX) | three days earlier | +5.01% | final price |
| Chevron (CVX) | five days earlier | +6.66% | final price |
| Shell (SHEL) | three days earlier | +3.06% | final price |
| Shell (SHEL) | five days earlier | +5.73% | final price |
| United States Oil Fund (USO) | three days earlier | +7.76% | final price |
| United States Oil Fund (USO) | five days earlier | +15.62% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.91% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.20% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +6.07% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.07% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 72 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around United States Oil Fund (USO)
The side that tends to collect
- XOM ExxonMobil Holdings
For “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
For “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SHEL Shell
In “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
United States Oil Fund (USO) and the energy link
On 4 Nov 2026, “Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections” is the story that connects United States Oil Fund (USO) to Energy.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70. XOM traded between 172.72 and 188.47 across 16 sessions. The latest close on file is 177.51.
The energy score for United States Oil Fund (USO)
77 out of 100
“Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections” scores 77 out of 100. The score uses 5 sources, and 6 linked companies.