The Apple flagship store in Hangzhou, Zhejiang province, China, on 3 November.Photograph: Long Wei/VCG/Getty Images US tech stocks made a recovery Tuesday afternoon after a selloff spooked investors over AI spending. The impact of Tuesday's midterm elections didn't appear to have a huge impact on Wall Street, though investors are predicting Democrats get at least a majority in the House and potentially gain seats in the Senate, which could lead to more AI regulation. The S&P 500 was up 0.37% at market closing on Tuesday, while the tech-heavy Nasdaq increased 0.83% for the day. The Dow dropped 0.38% following a 1.9% dip in Apple's share price after the company released a worse-than-expected margin forecast due to the higher cost of memory chips.
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