The Nasdaq-100 gained 1.14% to 28,500 after an initial election-related sell-off, while technology stocks moved in sharply different directions. Microsoft jumped 6.01% to $552.32 and Alphabet rose 4.63% to $292.99, while Nvidia fell 2.19%, Tesla dropped 3.61%, and Intel lost 5.80%. Investors are weighing increased scrutiny of data centers and massive artificial intelligence spending following Democrats’ control of both chambers of Congress. Bitcoin rebounded 4.12% to around $80,512, while Trump Media plunged 14.29% after losing approximately 55% of its value year to date.
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