SpaceX, Tesla stocks tumble as Democratic sweep raises questions on merger prospects, AI build-out
SpaceX and Tesla extended declines on Thursday.
Thursday, November 5, 2026
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SpaceX and Tesla extended declines on Thursday.
Investors are buying travel, housing, and value stocks after the midterms while dumping the chip stocks that led the AI boom.
US stock futures split as the crosscurrents of a power shift in Washington, the war in Iran, earnings, and labor market data overlapped.
Toyota (TM) stock is jumping on the back of a guidance raise, as the Japanese auto giant shows its hybrid bet is paying off.
Qualcomm, Micron, and Arm Holdings were all trading lower on Thursday as chip stocks continued to slide.
A Democratic ‘blue tsunami’ in the US midterms shines a light on emerging distaste for Trump’s brand among Republicans.
Democratic strategist James Carville suggested Wednesday that Florida Gov. Ron DeSantis (R) was the 2026 midterms’ “Republican winner” after Democrats made sweeping gains across the country and reclaimed both chambers of Congress. Carville, political adviser Mark McKinnon and Gen Z for Change founder Aidan Kohn-Murphy were talking about the potential for a post-President Trump GOP…
The tech-heavy Nasdaq Composite plunged by as much as 5.5% Thursday as investors weighed whether Democrats’ gains in the midterm elections could lead to a slowdown in the massive data center buildout.
Indian equity markets recorded their sharpest single-day rise in seven months on Thursday, supported by a decline in oil prices following the Democrats'
House Minority Leader Hakeem Jeffries (D-N.Y.) warned that Democrats would not let Vice President Vance off the hook for his record of supporting the Iran war after President Trump’s second-in-command said the conflict cost the GOP in the midterms. Jeffries told Punchbowl News on Wednesday that Vance, Defense Secretary Pete Hegseth and Secretary of State…