TradFi News | US Stocks Open Higher After Democrats Win Congress, With Clean Energy Up and Trump-Linked Stocks Down

US stocks opened higher on Wednesday, November 4, as markets reacted to midterm election results. NBC News, CNN and Ballotpedia projected that Democrats had won control of both the House and the Senate. At the open, the Dow Jones Industrial Average rose 1.9%, the S&P 500 gained 1.1% and the Nasdaq Composite added 1.07%, according to BlockBeats.Clean Energy and Healthcare RallyMarket commentary linked Democrats’ stronger-than-expected showing to gains in clean energy and healthcare stocks:FTC Solar (FTCI.O) jumped 40% and First Solar (FSLR) rose 13%.Moderna (MRNA.O) gained 3% and Gilead Sciences (GILD.O) rose 2%.Trump- and Musk-Linked Stocks FallTrump Media & Technology Group (DJT.O) fell 9.8%, SpaceX (SPCX.O) dropped 5% and Tesla (TSLA.O) lost 4%. Market commentary tied Tesla’s pre-market decline to the election result and to complaints in South Korea about its Full Self-Driving software.Big Tech Up, Chip Stocks DownUp: Amazon (AMZN.O) rose 6% and Alibaba (BABA.N) gained 4.6%. Microsoft (MSFT.O) and Apple (AAPL.O) each rose more than 4%.Down: Micron Technology (MU.O) fell more than 4%, Intel (INTC.O) and ASML (ASML.O) each lost more than 3%, and Nvidia (NVDA.O) fell 2.7%.Cloud computing stocks fell sharply before the open. CoreWeave dropped 9.53%, which market commentary attributed to rising opposition to data centers after the election.Jobs, Oil and Treasury RefundingIn earlier economic data, the ADP report showed US private employers added 86,000 jobs in October, beating forecasts. The Treasury set its quarterly refunding at $125 billion, in line with expectations. Brent crude fell 3.6% to below $100 a barrel for the first time since October 8.Company NewsAMD reported third-quarter revenue of $13.38 billion, up 45% year over year.Meta Platforms drew a record €53 billion in orders for its first euro-denominated bond.Google plans to invest $15 billion to expand its data center business in Malaysia.Qualcomm signed a multi-year agreement with SpaceX to build tens of thousands of base stations for SpaceX’s 5G network.