NZX 50 surges after Democrats sweep US midterm elections – Market close

Graham SkellernBusinessDesk·5 Nov, 2026 05:24 AM5 mins to readA trader works on the floor of the New York Stock Exchange at the opening bell in New York City on Wednesday (local time). Wall Street stocks bounced up as markets digested sweeping electoral wins by congressional Democrats that are expected to significantly saddle Republican President Donald Trump. Photo / Timothy A. Clary, AFPThe New Zealand sharemarket caught the Wall Street surge, achieving its best day of trading in nearly 19 months and hitting an all-time high. The S&P/NZX 50 Index rose sharply at the opening following the Democrats’ sweep in the US midterm elections and stayed that way, closing at 14.090.97– a