U.S. stocks rallied sharply Wednesday after Democrats won control of both chambers of Congress, as investors looked past election uncertainty toward possible policy gridlock. The Dow rose about 2.3%, the S&P 500 gained 1.72% and the Nasdaq added 2.13%, a reaction suggesting the outcome had largely been priced in before voting ended. AI data-center stocks such as Applied Digital, CoreWeave and Cipher Digital fell on concerns about greater congressional scrutiny of electricity use, water consumption and subsidies, while renewable-energy names including First Solar, Sunrun and Enphase rose. AMD also climbed after stronger-than-expected quarterly results and a forecast for faster growth in 2027, while Treasury yields declined and the dollar weakened.
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Dow JonesS&P 500midterm electionsdata centersbonds
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 685.34 |
| Change that session | +0.62% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 754.41 |
| Change that session | +0.31% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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