U.S. Futures Turn Mixed After Democrats Win 54 Senate Seats as AI Buildout Fears Hit Nasdaq
Updated
Updated · Yahoo Finance · Nov 5
U.S. Futures Turn Mixed After Democrats Win 54 Senate Seats as AI Buildout Fears Hit Nasdaq
3 articles · Updated · Yahoo Finance · Nov 5
Summary
Dow futures rose 0.24% late Wednesday, while S&P 500 futures slipped 0.04% and Nasdaq-100 futures fell 0.46% as investors absorbed a Democratic sweep and its uneven sector impact.
Democrats flipped at least seven Senate seats and 24 House districts, building early majorities of 54-44 in the Senate and 231-141 in the House that markets tied to tariff relief and a possible end to the Iran war.
Oil prices dropped sharply on expectations the Iran conflict could wind down, helping fuel Wednesday's cash-session rally in which the Dow jumped more than 1,500 points and 3%.
AI and data-center stocks lagged even as consumer names such as Walmart gained, with Dan Ives warning Democratic control could slow the planned 800 to 1,000 U.S. data centers and cancel about 10% of projects.