Democrats won control of both the House of Representatives and the Senate, along with key governor races in Texas and Georgia, triggering sharp moves across sectors. Healthcare and clean energy stocks rose while data center and defense names fell: Nextpower jumped 11.2%, Molina Healthcare gained 8.9%, while CoreWeave dropped 9.9% and Lockheed Martin tumbled 6.9%. Wells Fargo Investment Institute said Democratic control could slow deregulation in financials, energy and digital assets. Shares of Elon Musk's SpaceX and Tesla fell 3.8% and 3.3%, after Musk spent at least $474 million backing Republican candidates in the midterms. Meanwhile, housing, airline and consumer staples stocks rose on a consumer relief trade.
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 766.73 |
| Change that session | +1.64% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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