US stocks surged on November 4 as investors welcomed political clarity following the midterm elections. Falling oil prices, lower Treasury yields and a weaker dollar supported a broad-based rally across major indexes. US stocks rallied sharply on Wednesday, November 4, with investors welcoming greater political clarity following the midterm elections. Meanwhile, oil prices declined, and Treasury yields moved lower. The S&P 500 rose 1.58 per cent to close at 7,688.