Apple, Microsoft hit all-time highs as Nasdaq surges 2% in post-election rally: AlphaCheck

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Good morning. Stocks surged on Wednesday, with most sectors green across the board after a Democratic mid-term election sweep. Tech (XLK) bounced as Apple (AAPL) shares hit all-time highs, sending the iPhone maker's market cap above $5 trillion. Microsoft (MSFT) also surged 6% to hit a new record. The Nasdaq (^IXIC) composite rallied more than 2%, while the Dow (^DJI) surged more than 1,100 points, or about 2%. Shares of SpaceX (SPCX), and Tesla (TSLA) initially fell over worries of regulatory hurdles in the AI data center buildout as Democrats took control of the House and Senate. However, those stocks trimmed losses as the overall markets surged higher.