Market Issue

Did the dollar just collapse after the midterms? No — it dipped for a day, then bounced back. The U.S. Dollar Index is still up about 4% in 2026. On Wednesday, November 4, headlines said the dollar had tumbled to a one-month low after Democrats won both chambers of Congress. The index fell as much as 0.6% during the session and closed down 0.38%. Two days later it closed at 102.30 — higher than before the election. The one-day drop was real, but it was a repricing, not a trend change. Here is what moved the dollar, why two different dollar indexes tell two different stories, and what a 4% move actually does to your money. All figures are as of November 6, 2026. What happened on November 4 — and November 6 The dollar fell on election news, then erased the whole drop in two sessions. On Wednesday, the U.S. Dollar Index (DXY) fell as much as 0.6% to an intraday low near 101.2, its weakest reading in a month, before closing near 101.48, down 0.38% on the day. The euro gained 0.6%...

  The short version This was the week the market stopped grading AI investments on promises and started grading them on cash. The Federal Reserve held interest rates steady on Wednesday, October 28, keeping the federal funds target at 3.75% to 4% in a 10-2 vote — with two officials dissenting in favor of another hike. Then big tech earnings turned the spotlight on how much cash the AI buildout is burning: Intel plunged 28.6% on Friday for its worst day since 1974, and the S&P 500 fell 1.8% for its worst session since June, closing out a third straight losing week at 7,580.07. The context most headlines skip: the market is still only about 3.1% below its all-time high, and on that ugly Friday nearly as many stocks rose as fell. This was a tech selloff, not a broad one. Here is what actually moved, and why it mattered. The Fed’s hawkish hold: what the 10-2 vote signals On October 28, the Federal Open Market Committee kept its benchmark rate range at 3.75% to 4%, o...