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Dem Win Lifts Wall Street

Dem Win Lifts Wall Street

Wall Street indexes closed sharply higher after Democrats won control of both the Senate and the House, easing political uncertainty and boosting investors’ appetite for risk. Shares of Amazon, Meta and Alphabet rose, while data center operators and chipmakers fell amid concerns about tighter restrictions on artificial intelligence and a slowdown in infrastructure expansion. The Dow Jones rose 3.04% to 53,362.57, the S&P 500 gained 1.58% to 7,688.73, and the Nasdaq climbed 1.44% to 25,736.51.

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