The Nasdaq-100 rose 1.14% to 28,500 after Democrats won control of both chambers of Congress, but technology stocks moved in opposite directions. Intraday charts showed Microsoft up 6.01% and Alphabet up 4.63%, while Nvidia fell 2.19%, Tesla 3.61% and Intel 5.80%. The index remained below its October highs above 31,000.
Bitcoin rebounded to around $80,512, up 4.12% for the day. Trump Media fell more than 14%, extending a decline that had begun before the election; the stock had already lost about 55% of its value year-to-date before the vote. Reuters reported investor concern about greater scrutiny of AI data centers, but the source does not establish that concern as the cause of the mixed stock moves.
