Global marketsUpdated November 5

A market rally masks diverging sector bets

Wednesday’s first session after Democrats took control of both chambers looked like a win for stocks: the Dow gained more than 1,500 points and closed up 3%, while the S&P 500 rose 1.6% and the Nasdaq 1.4%. But AI- and data-center-linked shares fell amid fears of restrictions, including a Texas data-center moratorium pledged by governor-elect Gina Hinojosa. Renewable-energy stocks rose, as did health insurers and hospital operators. Forbes Middle East linked renewable-energy gains to expected policy shifts and clean-energy pledges. The rally was broad in the indexes, but investors were making very different bets across sectors.

2 publishers2 reports

Coverage started November 5