US stock futures surged on Wednesday, recovering from steep overnight losses, as a clear result in the midterm elections eased political uncertainty. Dow futures rose 724 points, or 1.4%, while S&P 500 and Nasdaq-100 futures each gained about 1%. Democrats won control of both the House and Senate and took key governor races, including Texas. Fears of a disputed outcome faded after President Trump said he would accept the results. Health insurers rallied, led by Molina Healthcare up 6.3% and Centene up 4.7%, and solar stocks climbed. AMD jumped 6% after strong earnings. Tesla and SpaceX each fell nearly 5%, CoreWeave lost 3.6% and defence stocks declined.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.