Dow Jones futures rose 0.6%, S&P 500 futures gained 0.2% and Nasdaq-100 futures were just above flat after Democrats won control of both chambers of Congress, paving the way for a divided government. Markets quickly repriced the possibility of ballot measures and newly elected officials restricting data center construction. Chip stocks including Nvidia (NVDA) and Micron (MU) fell more than 1%, while AMD (AMD) rose 6% in premarket trading after beating expectations with its Q3 earnings. Investors are also watching for actions on housing and pharmaceuticals after the election, and the economic calendar includes ADP private payrolls and ISM activity data.
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Keywords
S&P 500NVDADemocratic Partymidterm electionsdata centers
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 685.34 |
| Change that session | +0.62% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 754.41 |
| Change that session | +0.31% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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