President Trump congratulated Democrats on taking control of the House and Senate and warned he will “just veto everything.” The Nasdaq rose as Democrats took control of both chambers.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
midterm electionsDemocratic PartyDonald TrumpNasdaqSPY
Open a keyword to see other news on the same topic.
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.
Related news
- Will Midterm Elections Cause the Trump Bull Market to Crash? History Says There's Good and Bad News...
Under President Trump, average annual stock returns have been higher than under most presidents over the past 130 years, but the November 3 midterm elections could change that. As of October 24, Polymarket traders put a 66% chance on Democrats retaking both houses of Congress, while 26% expected Republicans to keep the Senate but lose the House. Retirement Researcher data shows the S&P 500 averaged 7.33% a year from 1926 to 2023 under a Republican president with a divided Congress, versus 14.01% to 16.63% in the other scenarios. A divided Congress may offer predictable fiscal policy because major legislation is less likely, but a prolonged government shutdown is a notable risk. With national debt at $40.4 trillion, the Dow, S&P 500 and Nasdaq have risen regardless of which party controls Congress, though the next two years could be bumpy.
- Dow Jumps After Democrats Sweep Congress
- Live updates: Bitcoin and stocks reverse overnight plunge following Blue Wave landslide
The biggest losers so far are AI data center stocks. This follows victories by several candidates who campaigned expressly against the sector.
- Midterm elections deliver a ‘blue wave.’ The stock market sees green.
Wall Street sees reasons to cheer after the Democrats swept the midterm elections. The piece also covers Microsoft’s AI-era buyouts and a retiree’s appetite for a “free lunch.”
- Here's how analysts are reacting to the new blue Congress
- Market Chatter: US Stock Futures Rally as Democrats Take Control of Congress
Related markets
Latest news
- SpaceX and Tesla face policy and governance risks after Democratic gains
Investing.com reports that the Democratic takeover of Congress is now a direct policy risk for SpaceX (SPCX) and Tesla (TSLA), which fell in the session by about 5% and 5.6% respectively. SpaceX faces pressure from its reliance on government contracts, tighter scrutiny of Starlink's military role, and proposed Texas data-center restrictions that could slow and raise the cost of its AI infrastructure. Morgan Stanley's improved outlook, with its 2027 revenue estimate raised to $175B and its free-cash-flow-positive forecast moved up to 2031, could be offset by a larger political discount. The article calls Tesla more vulnerable, since its valuation depends on autonomy and AI that could face tighter scrutiny, and a SpaceX combination would raise governance concerns, with Barclays estimating Musk could hold about 56% of voting power on roughly 37% of shares.
- Should You Forget VOO and Buy This Magnificent ETF Instead?
The article compares the Roundhill Magnificent Seven ETF (MAGS) with the Vanguard S&P 500 ETF (VOO) as the Nasdaq-100 has fallen about 9% from its early-October high on concerns over AI infrastructure costs. MAGS has averaged 36.9% annual returns since its April 2023 inception through September 30, but only about 12.2% over the past year, mostly due to Apple. The article suggests investors doubtful about AI payoffs may consider VOO instead, noting its portfolio is about 39.7% tech and spread across financials, pharmaceuticals and large-value stocks. It cites Vanguard research suggesting AI's biggest winners could be companies that use AI rather than those building it. VOO has averaged about 12% annually over the past five years, including the 2022 bear market.
- Counterparty Concentration and Depreciation Define CoreWeave Now
CoreWeave (NASDAQ:CRWV) carries a Hold rating at $53.74 after a 40.04% drop over the past month, as investors question who is paying its bills and how quickly its GPUs lose value. The company rents NVIDIA GPU capacity to AI labs, hyperscalers such as Meta, and enterprises, with OpenAI, Meta and Microsoft as its largest counterparties. Second-quarter revenue reached $2.58 billion, up 112.3% year over year, and the revenue backlog stands at $104.2 billion. Depreciation and amortization hit $1.393 billion, about 54% of revenue, while interest expense rose to $640 million from $267 million. Total liabilities of $72.05 billion sit against $5.02 billion of equity, and the average analyst target of $134.58 comes from 42 analysts.
- Oracle Continues to Crash Lower and Lower But Two Bullish Desks Agree That Its Price WIll More Than Triple
Oracle (NYSE:ORCL) trades at $126.21, well below the $234.10 average analyst target, and two desks, Guggenheim and Mizuho, carry $400 targets. The stock is down 34.39% year to date, while its remaining performance obligations (RPO) stand at $664B, up $209B year over year. Oracle launched a new $20 billion offering of common stock and senior notes, following a $20B at-the-market equity program. In the first quarter, capex reached $28.5B, free cash flow was negative $5.4B, and interest expense rose 55% to $1.4B. The article says the bullish case depends on the backlog converting to revenue on schedule, while total liabilities of $236B remain a risk to watch.
- ELEKTROS Highlights Northern New York Lithium Potential Amid Growing Focus on Domestic Battery Supply
ELEKTROS Inc. (OTC PINK:ELEK) is conducting an initial, exploratory assessment of a possible hard-rock lithium property in northern New York close to the Canadian border, but has not acquired the property and no independently verified mineral resource or reserve exists. The company is also exploring development relationships tied to its multi-port EV charging patent, U.S. Patent No. 12,522,100 B1, though no prototype, patent license, customer deployment or revenue has been announced. The article cites remarks by Elon Musk and President Donald J. Trump on lithium-ion batteries and critical minerals in general, which do not refer to the company. A Benchmark Mineral Intelligence outlook cited by Benzinga suggests global lithium demand could more than triple by 2050, but this is an industry projection, not a company forecast.
- Forget the 12-Month Squeeze: Microsoft Is Primed for an Explosive AI Payoff
Microsoft (NASDAQ:MSFT) shares rose just 1.6% over the past year, while net income grew 32.01% in the latest quarter, a gap the author argues most investors are misreading. The author sees Microsoft earning revenue at every layer of corporate AI use, from Azure capacity to Foundry and Copilot. In the quarter ended Sept 30, 2026, revenue reached $92.28B, up 18.8%, Microsoft Cloud brought in $63.9B, up 30%, and Azure grew 48%. Commercial remaining performance obligations reached $677B, up 73%, and non-GAAP EPS came in at $4.89 against a $4.72 estimate. The article also flags spending risk, with cash capex of $39.37B last quarter, up 102.99%, and fiscal 2026 free cash flow down 6.46% to $66.99B.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.