Economy & Markets
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Stocks Rally After Midterms As Dow Jumps 1,500 Points, Oil Slides
U.S. stocks surged Wednesday as investors snapped up beaten-down shares after the midterm elections, driving the Dow Jones industrial average up about 1,519 points, or 2.9 percent, in early afternoon trading in New York. PBS News The S&P 500 gained 1.8 percent and the tech-heavy Nasdaq composite rose 1.9 percent, while benchmark Brent crude oil tumbled more than 8 percent and briefly traded below $95 a barrel for the first time in nearly a month. PBS News
Marvell To Buy Lumentum In $115 Billion All-Stock AI Deal
On Monday, November 2, 2026, Marvell Technology said it will acquire Lumentum Holdings in an all-stock deal valued at $115 billion, a move aimed at bolstering AI-era connectivity for data centers. CBS News
Exxon, Shell, Chevron Post $36 Billion In Wartime Quarterly Profits
Exxon, Shell and Chevron reported a combined $36 billion in quarterly profits in earnings calls held the week of October 26-30, 2026, a windfall that drew scrutiny as fuel prices climb. NPR
DoorDash Offers $17 Billion To Acquire Instacart In Proposed Grocery Delivery Merger
DoorDash offered $17 billion to buy Instacart on Thursday, October 29, 2026, a proposal that must win shareholder and regulatory approval before it can close. PBS News