EconomyDemocrats’ midterm triumph sends US stocks soaring, but Tesla and SpaceX fall

US stocks rose at Wednesday’s open after Democrats’ decisive midterm victory eased some of the political uncertainty weighing on Wall Street. The S&P 500 gained 1.1%, the Dow Jones Industrial Average 1.9% and the Nasdaq Composite 1.1%. AI stocks fell amid heightened expectations.

US stocksmidterm electionsAI stocks

SSouth China Morning Post★★★☆☆2026-11-04 15:06Original