Key takeaways
- The stock market skyrocketed after a decisive sweep for Democrats in the 2026 midterm elections, a move that Trump's reaction added to.
- After Trump's reaction, Blancato said he doesn't think the S&P 500 hitting 8,000 by year-end is totally out of the question and that there's "a lot predicated on him, but not completely."
- The broad market index gained more than 1% on Wednesday, with its closing price implying a roughly 4% gain to that level.
U.S. stocks surged during Wednesday's session after Democrats won control of Congress in the 2026 U.S. midterm elections. Experts on Wall Street said President Donald Trump's willingness to accept the results reduced fears of a prolonged election fight.
