Closed
The Marked Chart Wire · Markets
HotMidterms
The Dow rose 1,556 points to 53,342.88 following a decisive Democratic midterm victory and a drop in oil prices. WTI crude fell 7.92 percent to $88.48, while the VIX index declined 19.35 percent to 16.80.
Part of a series: Democrats win both chambers as markets react
New to this? Read: Reading a stock chart
Midterms
Analysis of past elections indicates the S&P 500 typically rises over the year following midterms. Divided government outcomes have averaged a 15 percent gain, while single-party control averaged 11.5 percent.
Midterms
With midterm elections approaching, investors are bracing for political gridlock. One analyst describes the recent decline in technology stocks as a deeper issue than a standard market correction.
HotEarnings
Equities advanced as companies reported strong results, with ADMA Biologics, Rapid7, and AppLovin leading the gains. The broader market was supported by positive earnings and raised outlooks.
Options Flow
Options activity shows $1 billion in selling on the S&P 500, $1.3 billion on Nasdaq futures, $1.6 billion on the Dow, and $1.8 billion on the Magnificent Seven.
AI Spending
Citroni argues that AI infrastructure risks have shifted to the downside and predicts higher US data center costs following Democratic midterm wins. The firm also warns of a move toward late-cycle stagflation.
HotAI Data Centers
Major technology shares climbed following the congressional elections, with Amazon up nearly 7 percent. Analysts suggest stricter data center rules may benefit established cloud providers over smaller rivals.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.