Stock futures plunge as the blue wave hits data center states

Wall Street did not like election night. A surprisingly strong showing by Democrats sent US stock futures sharply lower, Fortune reports, as investors faced the prospect of intense partisanship for the next two years. Democrats won the Senate seat in deep-red South Carolina and held healthy margins in the Republican strongholds of Texas and Kansas, while Democratic candidates for governor led in Texas and Ohio, both hot spots for data centers, where a backlash against fast development could slow the AI trade. Dow futures fell 380 points, or 0.73%, S&P 500 futures sank 1.12% and Nasdaq futures tumbled 2.07%. Markets usually like gridlock; this time the fortunes built on AI stocks look the most exposed.