Economy
US Tech Shares Surge Following Democrats' Midterm Election Sweep
The Hindu1h
THE BRIEF
1
Shares of major US technology companies soared following the Democrats' landslide midterm election sweep, adding over $750 billion in combined market value.
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Investors anticipated that potential regulatory curbs on new data-centre construction would ease cash-flow pressures and safeguard compute capacity.
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Amazon shares surged 7.4 percent to a three-month high while Apple jumped nearly 7 percent to a record high.