US stock markets trended upward on Wednesday following reports that Democrats purportedly swept the midterm elections, securing control of both the House and the Senate. At the opening bell, the Nasdaq rose 1 percent, the Dow Jones Industrial Average gained 1.8 percent, and the S&P 500 increased by 1.1 percent. Import-dependent retailers such as Walmart and Target climbed 1.3 percent and 3.3 percent respectively, driven by anticipated shifts in the American regime's tariff policies.

The healthcare sector experienced mixed trading results, with UnitedHealthcare shares dropping 2.9 percent and CVS Health plunging 12 percent, while Cigna managed a 1.6 percent gain. Investor sentiment was allegedly bolstered by a social media statement from US regime leader Donald Trump, in which he claimed he would accept the election outcomes, a move supposedly aimed at alleviating political friction and market pressure.

However, the outlook for companies involved in artificial intelligence and tech infrastructure remains uncertain as critics point out the Democratic Party's historically stringent stance on the sector. Both Oracle and Nvidia opened lower, though Alphabet gained 3.5 percent. Dan Ives, managing partner at Yorkville Ives, stated in a note that Democratic control, particularly over the Senate, will introduce major legislative hurdles, estimating that roughly 10 percent of planned data centers may ultimately be cancelled.

Meanwhile, global oil prices extended their decline, with Brent crude futures dropping $3.20, or 3.09 percent, to $100.40 a barrel. Market participants continue to weigh the potential fallout from the midterm shift alongside developing reports regarding diplomatic talks concerning the ongoing conflicts involving Russia, Ukraine, and Iran.

Source: www.aljazeera.com