US stock futures edged higher on Wednesday after Democrats won control of both chambers of Congress in a seismic midterm election, paving the way for a divided government. Futures on the Dow Jones Industrial Average (YM=F) rose 0.6%, while those on the S&P 500 (ES=F) climbed 0.2%. Contracts for the Nasdaq-100 (NQ=F) went just above the flatline. AMD (AMD) stock rose 6% in premarket trading after the company posted a Q3 earnings beat. Markets swiftly repriced a Democratic sweep of the House and Senate — and the potential for ballot measures and newly elected officials to restrict data center construction. Chip stocks, including Nvidia (NVDA) and Micron (MU), fell more than 1%.
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