Watching This Rare-Disease Biotech as Hyperscalers Lead Post-Election Market
Voters hit data centers on Tuesday, but the companies that already own the capacity are the winners.
Voters hit data centers on Tuesday, but the companies that already own the capacity are the winners.
ISM’s services index eased to 54.5 in October, a 28th month of expansion, as all 10 indexes were in expansion, hiring grew for a second month and backlogs rose to the highest since July 2022, but ISM warned ‘more pricing pressure is on the way.’
S&P’s final October services PMI was revised down to 56.1 from the 57.9 flash, easing from September’s high.
ADP’s private payroll count comes in at 86,000 for a second month, while bonuses and overtime pushed job-changers’ earnings growth to its fastest since March 2024.
The vote was clear, and now we have many questions about what this means for the future of artificial intelligence, data center development, and more.
The market whipsawed sharply overnight on a strong rejection of President Trump.
The market does not always rally following the midterm elections. Let’s take a look at the statistics.
Semiconductors led a rebound that broke the S&P 500’s three-day losing streak, but the average stock fell.
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Apple and Palantir didn’t hurt the market much, and investors are waiting on the results. None of the likely outcomes look like a disaster for stocks.