Shares of SpaceX (SPCX) and Tesla (TSLA) extended their declines, falling 6% and 9%, respectively. The stocks had been hit Wednesday after Democrats took control of the House and Senate, raising concerns about regulatory hurdles for US data center buildouts. The Tech sector (XLK) fell Thursday as semiconductor stocks extended losses following results from Qualcomm (QCOM) and Arm Holdings (ARM). Oil rebounded, with Brent crude futures (BZ=F) up 3% to around $97 per barrel and WTI (CL=F) rising to $89 per barrel.
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/04/2026 | 385.30 |
| Change that session | -3.31% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 691.95 |
| Change that session | +0.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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