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2026-11-04

Wall Street rallies on Democratic sweep as energy and AI infrastructure slide

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyAAPL+5.3%NVDA-3.2%MSFT+6.7%AVGO-2.0%MU-7.0%AMD+1.0%PLTR-2.1%CSCO+0.6%ORCL-1.9%INTC-3.8%AMAT-3.3%PANW-0.6%TXN-0.3%LRCX-4.0%CRWD-1.5%IBM+1.7%DELL-8.8%ANET+5.0%ADI-3.2%KLAC-4.1%SHOP+7.3%APH-6.2%CRM+2.2%QCOM+5.3%ACN+3.8%SNDKMRVLWDCSTXNOWGLW-5.8%ADBEINTUFTNTCDNSSNPSMSIDDOGNXPIHPETELMPWRMSTRADSKLITEKEYSROPWDAYMCHPTERAKAMZoom into Communication ServicesCommunication ServicesGOOGL+3.2%GOOG+3.3%META+1.4%NFLX+4.7%DIS+4.2%VZ+2.1%TMUS+3.1%T+2.1%APPCMCSALYVSKYDTTWOTKOECHOCHTRRDDTNWSANWSZoom into FinancialsFinancialsBRK.B+4.0%JPM+4.2%V+3.8%MA+3.9%BAC+4.0%MSGSWFCAXPCBLKZoom into IndustrialsIndustrialsSPCX-3.8%Zoom into Consumer DiscretionaryConsumer DiscretionaryAMZN+6.1%TSLA-3.3%MCDTJXBKNGLOWSBUXMARABNBZoom into Health CareHealth CareLLY+0.6%JNJ+3.8%ABBVMRKUNHTMOAMGNGILDABTZoom into Consumer StaplesConsumer StaplesWMT+3.5%COSTKOPGPMPEPZoom into EnergyEnergyXOM-4.6%CVXZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentA broad post-election rally lifted the Dow 3.1%, while the S&P 500 gained 1.65% and the Russell 2000 1.51%. Breadth was strong at 377 advancers versus 130 decliners, with 70.8% of stocks above their 50-day average and 74 new highs against 4 lows. The Nasdaq 100 lagged at 0.97% as data center and storage names sold off.

Sectors & StocksConsumer discretionary (+3.86%) and financials (+3.48%) led on hopes for affordability legislation, while energy fell 4.78% and industrials 1.69%. Booking Holdings jumped 9.83% after its Q3 report, AppLovin rose 10.69% and Moderna 13.11%. Datadog fell 14.42% on a flat revenue guide, Vertiv 12.89%, CVS 12.53% despite its breakup plan, and Quanta 11.65%.

Rates, FX & CryptoTreasury yields eased across the curve, with the 10-year down 5bp to 4.90% and the 2-year down 3bp to 4.58%, leaving the 2s10s spread at 32bp. EUR/USD rose 0.79% to 1.1267 while USD/CNY was flat at 6.6723. Crypto rallied hard: Bitcoin gained 4.08% to $80,505 and Ether 6.64% to $2,424.

Earnings & AnnouncementsQnity Electronics rose on 22% revenue growth and a raised outlook; Stanley Black & Decker beat with $2.31 adjusted EPS and lifted guidance; Zimmer Biomet and Charles River also raised full-year views. CVS reported $108.4 billion in revenue and raised guidance while unveiling a plan to split into two public companies. Uber grew bookings 20% but missed EPS. FinDog moved CDW, Edwards Lifesciences, Expeditors, Insulet and Texas Pacific Land to Bullish, and cut Allstate, Avery Dennison, JPMorgan, PNC and Prudential to Neutral.

What to Watch Next Trading Day
  • Airbnb, Cigna, ConocoPhillips and Duke Energy report earnings
  • Energy policy commentary after Democratic sweep
  • Whether data center and storage selling continues
  • Treasury yield moves after 5bp slide
Top News
  1. Wall Street rallies after Democrats win Congress
    Democrats swept the midterms, lifting broad indexes on expectations of affordability legislation while data center and storage stocks slid on AI build-out concerns.
    Reuters11-04 17:15 UTC
  2. Democratic sweep adds twist to Iran, AI and debt worries
    Divided government reshapes the outlook for geopolitics, AI policy and fiscal debt, adding new variables for investors to price.
    Reuters11-04 17:37 UTC
  3. Democrats map affordability and corruption agenda
    With Congress in hand, Democrats plan legislation on affordability and restraining Trump, signaling potential policy shifts for consumer-facing sectors.
    CNBC11-04 18:41 UTC
  4. Democratic sweep could reshape US energy policy
    An explainer on how Democratic control of Congress may alter energy policy, a factor behind the sector's 4.78% decline.
    Reuters11-04 18:07 UTC
  5. CVS plans to break up $117 billion conglomerate
    CVS will spin off its retail pharmacy business as CVS Pharmacy in the first half of 2028, separating it from Aetna and Caremark.
    CVSYahoo11-04 18:15 UTC
  6. Oracle cancels $7 billion Tencent AI chip deal
    Oracle reportedly scrapped a chip-leasing deal with Tencent worth about $7 billion after pressure from the Trump administration.
    ORCLYahoo11-04 17:55 UTC
  7. Uber Q3 bookings grow 20%, profit warning issued
    Uber's bookings rose 20% but driver shortages and higher costs weighed on its outlook, and EPS missed expectations.
    UBERYahoo11-04 19:29 UTC
  8. Micron sinks 6% on AI slowdown fears
    Micron fell as investors priced in a slower AI build-out after the Democratic sweep, with memory inventory concerns cited.
    MUYahoo11-04 19:17 UTC
  9. Seagate, Western Digital slide on election and memory worries
    Seagate fell 8% and Western Digital 6% as investors sold data center and storage stocks after the midterms.
    STXWDCYahoo11-04 19:12 UTC
  10. Stanley Black & Decker beats with $2.31 EPS
    Adjusted EPS of $2.31 beat the $1.56 estimate by 48.1% on revenue of $3.73 billion, matching consensus, and guidance was raised.
    SWKYahoo11-04 18:10 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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