The Dow's 1,569-Point Party, Oil Below $95, and CVS Splits in Two
The Dow surged 1,569 points in its best day since April 2025 as gridlock relief followed the Democratic sweep, while Brent crude crashed below 95 dollars on hopes the Iran war ends and CVS beat earnings and raised guidance yet fell 12.5 percent after announcing a split into two companies. Qualcomm's handset sales fell 26 percent as its auto chip business hit two billion dollars, Arm's licensing surged 50 percent, and AppLovin, the S and P 500's worst stock this year, jumped 23 percent after hours, ahead of today's Bank of England decision, Canada's federal budget, and Friday's U.S. and…
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