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Developing story

Wall Street billionaires respond to Democrats' midterm sweep

4 reports · first reported Nov 4, 2026, 11:41 PM UTC · last development 2h ago

What happened

cnbc.com reported Nov 4 that billionaire political spending met criticism in the wake of Tuesday's blue wave election.

Read the first report · Nov 4, 2026, 11:41 PM UTC

Why this matters

  • CNBC published 'How Wall Street's postelection rally got obliterated — and what's next' on Nov 5, 20:06 UTC as an Investing Club Homestretch update. [source]
  • As of Nov 5, 21:00 UTC, the SPY ETF was $733.00 and fell 4.41% from the prior close. [source]
  • The QQQ ETF was $647.05 and fell 6.49% from the prior close. [source]

Drawn from the takeaways of the latest report (Nov 5, 2026, 09:11 PM UTC); each point links to its source.

What changed

  1. Reported

    CNBC reports Investing Club Homestretch: postelection rally 'obliterated'

    Source: U.S. Treasury and Federal Reserve Board via FRED

  2. Reported

    VIX moves over 11 points in largest one-day swing since April

    Source: U.S. Treasury and Federal Reserve Board via FRED

  3. Reported

    Cramer warns investors about post-election rally, MarketAlleys Indices

    Source: U.S. Treasury and Federal Reserve Board via FRED

What comes next

  1. Scheduled

    US Employment Situation

    Calendar: bls

  2. Scheduled

    US Consumer Price Index

    Calendar: bls

Scheduled items are calendar listings; times can change. Full calendar

All coverage

  1. Wall Street billionaires respond to Democrats' midterm sweep

    First report · Nov 4, 2026, 11:41 PM UTC

  2. Cramer warns investors about post-election rally, MarketAlleys Indices

    Nov 5, 2026, 05:53 PM UTC

  3. VIX moves over 11 points in largest one-day swing since April

    Nov 5, 2026, 06:43 PM UTC

  4. CNBC reports Investing Club Homestretch: postelection rally 'obliterated'

    Nov 5, 2026, 09:11 PM UTC

Terms in this story

  • VIX

    The Cboe Volatility Index, which estimates the market's expectation of S&P 500 volatility over the next 30 days from S&P 500 option prices.

    Full definitionLearn more in Index Insight

  • Volatility

    The size and speed of price changes, commonly measured as the annualised standard deviation of returns.

    Full definition

  • Exchange-traded fund (ETF)

    A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.

    Full definitionLearn more in Crypto Canvas

Reported
Published reporting of something that happened
Unconfirmed
Reported as possible, planned or under discussion — not confirmed
Scheduled
On the economic or earnings calendar; has not happened yet

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