BusinessPhoto: NDTV BusinessUS Midterms Impact AI, Defense, Energy, and Alcohol Stocks on Wall Street
The Democratic victory in the US midterm elections caused significant shifts on Wall Street. AI-related stocks, including chip makers and data center companies, dropped amid concerns over potential regulatory slowdowns. Defense and oil stocks fell on expectations of reduced US-Iran conflict and lower energy prices. Hospital shares rose due to possible government funding boosts, while tariff-affected liquor companies gained on hopes for relief.
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