A sharp sell‑off in AI‑focused chips and data‑center names pulled the S&P 500 and Nasdaq lower on Nov. 5, prompting calls for defensive ETF positions.
Posts tagged as “midterm elections”
Investors celebrated Democratic control of Congress on Wednesday, only to see the Dow, S&P 500 and Nasdaq tumble a day later as AI‑related and chip stocks fell.
OpenAI CFO Sarah Friar says the company will continue investing in data‑center infrastructure even after voters rejected most pro‑development measures in the recent midterm elections.
U.S. equity futures were mixed Thursday morning as a sharp fall in oil prices and certainty about Democratic control of Congress spurred a rally, while AI‑related stocks slipped.
Ballot measures and candidates tied to data‑center development were defeated in dozens of contests across the United States, signaling a broad voter backlash.
U.S. stock futures edged higher Wednesday after Democrats took control of Congress and won key governorships, prompting analysts to weigh potential limits on data‑center spending.
U.S. stock futures edged higher as investors brace for Apple’s earnings, midterm elections and oil price moves after a $5 trillion market wipeout in AI‑related stocks.
The Federal Reserve is expected to keep benchmark interest rates unchanged this month, citing inflation concerns and a desire to avoid influencing the upcoming midterm elections.
President Trump announced a deal with Russia to release up to 1.3 million tonnes of diesel, aiming to lower soaring gasoline and diesel costs as midterm elections approach.
President Trump met with refinery executives Tuesday, pressing for higher domestic gasoline and diesel production while industry leaders warned that federal biofuel mandates are inflating pump prices.