
Election Day on Wall Street: S&P 500 Faces the Midterm Test
The S&P 500 closed at 7,541.40 on election eve as a 1.1% rally evaporated. The year after midterms has averaged a 13.7% gain — but reaction day often stings.
5 results for “S&P 500”

The S&P 500 closed at 7,541.40 on election eve as a 1.1% rally evaporated. The year after midterms has averaged a 13.7% gain — but reaction day often stings.

The S&P 500 starts election week at 7,580.07. Three catalysts in five days — the vote, the Fed, payrolls — decide if the 14.5% post-midterm pattern pays out.

The Nasdaq fell about 3% on October 30, 2026 — its worst day since June — as Amazon and Intel results deepened doubts about AI spending on Wall Street.

The FOMC meets October 28–29 with the fed funds rate at 3.50%–3.75% and futures pricing barely a 17% chance of a hike. Here is how each scenario plays out across stocks, gold and oil.

The VIX, often called the 'fear gauge', provides crucial insights into market sentiment and potential future volatility. Understanding its movements can help investors gauge whether markets are becoming too comfortable.