U.S. stocks rally with all three major indexes up; Dow surges 3% for its biggest gain in 18 months, oil and gold prices see unusual moves.

November 5th, according to data from the BIT stock platform, the three major U.S. stock indices closed higher on Wednesday, with the Dow up 3.10% posting its largest gain in 18 months, the S&P 500 up 1.65%, and the Nasdaq up 0.97%.

Possibly affected by the Democratic Party's full control of Texas, AI concept stocks still experienced a broad decline. In the optical module sector, Marvell (MRVL) fell 7.08%, Lumentum (LITE) fell 7.85%, and Coherent (COHR) fell 5.98%. Neocloud stocks also weakened, with Cipher Digital (CIFR) down 19.95%, IREN down 11.24%, CoreWeave (CRWV) down 9.90%, and Nebius (NBIS) down 6.67%.

Storage stocks retreated across the board, with Seagate (STX) down 8.13%, SanDisk (SNDK) down 7.91%, Micron (MU) down 7.00%, Western Digital (WDC) down 6.77%, and SK Hynix U.S. ADR (SKHY) down 5.12%.

Musk-related stocks, which media have joked are "all-in on Trump," also declined, with SpaceX (SPCX) down 3.81% and Tesla (TSLA) down 3.34%.

Possibly affected by the landing of bearish factors and news that "Democrats also hope to push the CLARITY Act," the crypto market rebounded across the board. Bitcoin at one point rebounded more than 7% from its intraday low, Ethereum rebounded nearly 10%, driving a broad rebound in altcoins. Crypto concept stocks were lifted, with BitMine (BMNR) up 5.85%, Strategy (MSTR) up 5.09%, and Coinbase (COIN) up 4.16%.

Gold and oil prices showed clear divergence: gold continued to strengthen while oil prices fell sharply. Gold (XAU/USD) rebounded from around $3,940 and held firmly above $4,000, at one point rising to the $4,060-$4,090 range, with an intraday gain of about 3%-4%.

In crude oil, WTI fell from around $96 to about $88, and Brent dropped from around $104 to about $94-$95, with an intraday decline of 8%-10%.