SPY is trading at $768.43, up 1.77%, after Democrats took control of both chambers, with investors viewing divided government as a check on major policy shifts and a source of greater predictability.
- Futures reversed earlier losses as election uncertainty eased.
- Semiconductor and technology shares gained support from AMD’s record $13.4 billion third-quarter revenue and forecast of about $17 billion for Q4.
- The narrower-than-expected September trade deficit offered a modest additional lift to risk appetite.