{ "id": 18198618, "title": "Wall Street ends higher after Democrats win Congress", "url": "https://urgent.news/2026/11/04/wall-street-ends-higher-after-democrats-win-congress-18198618", "topic": "world", "section": "World", "published": "2026-11-04T21:49:35.000Z", "source": { "name": "Free Malaysia Today", "slug": "free-malaysia-today-freemalays", "url": "https://www.freemalaysiatoday.com/category/business/2026/11/05/wall-street-ends-higher-after-democrats-win-congress" }, "original_language": "en", "account": "The U.S. stock market closed higher on Wednesday following Democrats' sweeping victory in the midterm elections. Wall Street saw a sharp increase as the political shift eased uncertainty and boosted risk appetite. Democrats secured control of both the Senate and House of Representatives, marking a significant win in Republican strongholds and a backlash against President Donald Trump.\n\nLarge technology stocks rose on expectations of a slower expansion of AI infrastructure, which could favor them competitively. Smaller companies facing potential challenges in AI infrastructure buildout saw a decline in shares. A significant factor driving the market's positivity was the decline in oil prices, fueled by bets that the change in power would hasten the end of the Iran war.\n\nTerry Sandven, chief equity strategist at US Bank Wealth Management, stated that the election introduces a degree of gridlock in the economic backdrop, often favoring equity prices. Data center operators and AI heavyweights experienced differing trends, with cash-rich AI companies rising and chipmakers and data center operators falling after Democrats gained in key states like Texas and Georgia.\n\nThe AI trade faced headwinds due to expectations of a slowdown in expanding AI infrastructure, potentially easing cash demands on tech companies while pressuring operators and suppliers dependent on rapid buildout. Major AI companies such as Microsoft, Amazon, Alphabet, and Meta Platforms saw gains, while data center operators experienced substantial losses. The Philadelphia Semiconductor index hit a six-month low, while AMD rose as its data center sales surged.\n\nOverall, the market's performance reflected a mix of optimism regarding political change and concerns about the impact on specific sectors, particularly AI and data center infrastructure. The S&P 500 ended the day at 7,688.62 points, the Nasdaq Composite at 25,736.51, and the Dow Jones Industrial Average at 53,356.12.", "summary": "Large technology stocks rose on expectations that slower AI infrastructure expansion would favour established players, while smaller companies involved in the buildout fell.", "key_points": [], "editors_take": null, "illustration": null, "coverage": { "outlets": 12, "also_reported_by": [ { "outlet": "NDTV", "title": "As Democrats Sweep US Midterms, Iran's Khamenei Issues Warning To Iranians", "url": "https://urgent.news/2026/11/04/as-democrats-sweep-us-midterms-irans-khamenei-issues-warning-to", "published": "2026-11-04T11:45:38.000Z" }, { "outlet": "France 24", "title": "Blue wave across America: do US midterms signal beginning of the end for Trump?", "url": "https://urgent.news/2026/11/04/blue-wave-across-america-do-us-midterms-signal-beginning-of-the-end", "published": "2026-11-04T19:49:21.000Z" }, { "outlet": "Nikkei Asia", "title": "US midterms live: Wall Street rallies as Trump signals cooperation", "url": "https://urgent.news/2026/11/04/us-midterms-live-wall-street-rallies-as-trump-signals-cooperation", "published": "2026-11-04T20:18:51.000Z" }, { "outlet": "Times of India", "title": "'Largely true': Trump admits Iran war cost GOP midterms, says he'd do it again", "url": "https://urgent.news/2026/11/04/largely-true-trump-admits-iran-war-cost-gop-midterms-says-hed-do-it", "published": "2026-11-04T20:24:39.000Z" }, { "outlet": "ABC News AU", "title": "Trump and Vance lead GOP blame game as fingers point at Iran war", "url": "https://urgent.news/2026/11/04/trump-and-vance-lead-gop-blame-game-as-fingers-point-at-iran-war", "published": "2026-11-04T20:37:23.000Z" }, { "outlet": "The Times of Israel", "title": "Vance: GOP lost midterms due to Iran war, voters want ‘change’ in Israel relationship", "url": "https://urgent.news/2026/11/04/vance-gop-lost-midterms-due-to-iran-war-voters-want-change-in-israel", "published": "2026-11-04T21:07:53.000Z" }, { "outlet": "Reuters Business via SCMP", "title": "5 takeaways from US midterms as Democrats sweep Congress and Trump faces Iran reckoning", "url": "https://urgent.news/2026/11/04/5-takeaways-from-us-midterms-as-democrats-sweep-congress-and-trump", "published": "2026-11-04T21:24:00.000Z" }, { "outlet": "Channel News Asia", "title": "US midterms: Democrats’ win could complicate Trump’s China diplomacy, but broader Asia policy unlikely to shift", "url": "https://urgent.news/2026/11/04/us-midterms-democrats-win-could-complicate-trumps-china-diplomacy-but", "published": "2026-11-04T22:00:00.000Z" }, { "outlet": "Middle East Eye", "title": "'Freed up or congressionally constrained': Is Trump more or less likely to resume war on Iran?", "url": "https://urgent.news/2026/11/04/freed-up-or-congressionally-constrained-is-trump-more-or-less-likely", "published": "2026-11-04T22:08:44.000Z" }, { "outlet": "The Business Times - Companies & Markets", "title": "Oil slumps after midterm election rebuke to Trump raises bets on Iran war exit", "url": "https://urgent.news/2026/11/04/oil-slumps-after-midterm-election-rebuke-to-trump-raises-bets-on-iran", "published": "2026-11-04T22:10:08.000Z" }, { "outlet": "Calgary Herald", "title": "Braid: Democrats rebuff of Trump the best possible outcome for Canada", "url": "https://urgent.news/2026/11/04/braid-democrats-rebuff-of-trump-the-best-possible-outcome-for-canada", "published": "2026-11-04T22:22:16.000Z" } ] }, "ai_generated": true, "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original." }