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Cranberry Journal

Tuesday, November 3, 2026

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Markets
  • S&P 5007,585.91+0.59%
  • Nasdaq25,428.48+1.05%
  • Dow51,870.84−0.22%
  • 10-yr yield4.95%+1.14%
  • Crude$95.88−0.60%
At the close · Nov 3

Midterm Elections

Tagged stories

A black Wall St street sign in sharp focus in front of a row of American flags and the blurred stone columns of the New York Stock Exchange.
The Numbers

Stocks Rose in the Year After 18 of the Last 19 Midterms, by Our Count. Congress Has 38 Days After Tuesday's Vote to Fund the Government.

Americans vote on Tuesday for all 435 House seats, 35 Senate seats and 36 governors. In the 12 months after each of the 19 midterms since 1950, the S&P 500 rose 18 times, by this publication's count of Robert Shiller's index data. The exception was 1986, when it was flat. Past returns do not predict future ones, and no result is known yet.

By Daniel Okafor  

A bronze lantern hangs on chains beneath the coffered stone ceiling of a portico, above a row of tall windows and a carved stone balustrade.
Money

Washington's Millionaires' Tax Would Raise $11.4 Billion by 2031 From About 30,000 Payers. Voters Decide Tuesday Whether It Ever Starts.

Washington's Initiative 645 would repeal the state's new 9.9 per cent tax on income above $1 million before it takes effect in 2028. The state's fiscal impact statement puts the lost revenue at $11.4 billion over five fiscal years. Colorado, California and North Carolina are also voting on how their top earners are taxed; no results are in.

By Daniel Okafor  

A one-story house faced in rough coral stone with a red clay tile roof and barred windows, behind a lawn with a curved concrete path, two young palms and green and blue bins, under a clear blue sky.
The Numbers

Florida Votes on Cutting Local Property Taxes by $11.8 Billion a Year. Five Counties Account for 45 Per Cent of It.

Florida's Amendment 3 would cut non-school property taxes on homesteads by an estimated $11.8 billion a year once fully in effect, according to the state's Revenue Estimating Conference. It needs 60 per cent of the vote on Tuesday. Voters in Oklahoma, Wyoming and North Carolina are deciding their own property tax measures; none of the four results is known yet.

By Daniel Okafor  

A tall green Yes Way gas station sign against a clear blue sky lists Regular Plus at $4.55, premium at $4.90 and diesel at $5.39 a gallon, beside a green fuel canopy and grain silos.
The Numbers

Inflation Is 3.7 Per Cent, Less Than Half Its Rate Before the 2022 Midterms. Gasoline and Mortgages Cost More Than They Did Then.

U.S. consumer prices rose 3.7 per cent in the year to September, against 8.2 per cent in the last reading before the November 2022 midterm elections, Bureau of Labor Statistics data show. Gasoline averaged $4.27 a gallon in the latest weekly survey, 47 cents more than on the eve of that vote. The October jobs and price reports come out after Tuesday's election.

By Daniel Okafor