SKYY is trading 1.59% up at $160.16 as major U.S. indexes are sharply higher in a broader-market rebound.
- An early risk-off reaction to Democrats’ midterm sweep raised concerns about tighter AI regulation and potential disruption to data-center investment, risks relevant to cloud-computing funds.
- Reuters later reported global stocks recovering from overnight lows as investors weighed those concerns against the prospect of legislative gridlock.