The Dow just ripped 1,569 points after Democrats swept Congress, its best day since April 2025Dow +3.0% to 53,356S&P…
The Dow just ripped 1,569 points after Democrats swept Congress, its best day since April 2025
Dow +3.0% to 53,356S&P 500 +1.6% to 7,688, best day in three monthsNasdaq +1.4% to 25,737The AI trade split in two. $Microsoft(MSFT.US) +6.7% and $Amazon(AMZN.US) +6.1% while data center builders got crushed, $Hut 8 Mining(HUT.US) -23%, $IREN(IREN.US) -11%, $Core Scientific, Inc.(CORZ.US) -10%The chip index fell 3.1% to a six-month low as Democrats won key data center states like Texas and GeorgiaHospitals and dollar stores led the rally, $HCA Healthcare(HCA.US) +10.3% and $Dollar Tree(DLTR.US) +9.6%WTI crude dropped $7.97 to $88.12 on bets the Iran war ends sooner, energy -4.8%$Tesla(TSLA.US) -3.3% and $SpaceX(SPCX.US) -3.9% after Elon Musk spent nearly half a billion dollars backing RepublicansGold jumped $132.60 to $4,073 and the 10-year yield slid to 4.88%A divided government used to mean gridlock and a market that shrugged. Today it meant cheaper oil and a vote against the AI building boom, and Wall Street rewarded the companies with cash over the ones borrowing to buildSource: StockMarket.News
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