U.S. stock futures rose before the market opened on November 4, 2026, after Democrats took control of both chambers of Congress and President Donald Trump indicated that he would accept the election results. The early move reflected reduced political uncertainty, while investors also reassessed the possible direction of energy, health care and technology policy.
At 9 a.m. EDT, S&P 500 futures were up 1.1%, Nasdaq futures had gained 0.3% and Dow futures were higher by 2.3%, according to Forbes. The market’s advance followed a sharp reversal from Tuesday night, when futures declined as the probability of Democratic control of the Senate increased.
Renewable-energy shares lead the early move
Companies tied to renewable power posted some of the strongest premarket gains. First Solar rose 8%, Plug Power gained 12%, Sunrun advanced 6.5% and Nextracker increased 5% as of 9 a.m. EDT. The moves came amid expectations that a Democratic-controlled Congress could support a different policy approach to clean-energy investment and power generation.
Texas Senator-Elect James Talarico and Georgia Senator Jon Ossoff have pledged to advance clean-energy initiatives, including efforts to expand clean-power generation, Forbes reported. The early stock moves show the market responding to the expected political shift, rather than to newly announced operating results or company guidance from the renewable-energy businesses.
- First Solar: up 8% premarket at 9 a.m. EDT
- Plug Power: up 12%
- Sunrun: up 6.5%
- Nextracker: up 5%
“Absolutely willing”
Trump used those words when telling The New York Times that he would accept the election outcome, according to Forbes. His statement came as markets moved to price in less political instability following the change in congressional control.
AI and Texas-linked companies move lower
The same political result weighed on several AI-linked and data-center companies. Oracle fell 3.5% in premarket trading, CoreWeave declined 6% and Nvidia dropped 1%. The declines were linked to concerns about possible restrictions on data centers, particularly in Texas.
Texas Governor-Elect Gina Hinojosa has pledged an immediate moratorium on data centers, Forbes reported. The issue is significant for companies building or operating power-intensive computing facilities because data centers require large amounts of electricity and can increase pressure on local grids and generation capacity. The extracted report did not provide details on the proposed moratorium’s scope, duration or legal status.
Shares of Tesla and SpaceX, both run by Elon Musk and headquartered in Texas, fell about 5% and 6%, respectively, in premarket trading. Musk spent nearly $450 million supporting Republicans during the midterm election season, according to Forbes. Tesla operates in Texas, while SpaceX also has major operations in the state, leaving both companies exposed to changes in the political and regulatory environment there.
Health care shares also rise
Health insurers and hospital operators gained after the Democratic takeover was confirmed. Molina Healthcare rose nearly 7%, Centene increased 4% and HCA Healthcare climbed 6.5% as of 9 a.m. EDT.
Trump Media & Technology Group fell 11% in premarket trading, one day after the company moved closer to finalizing a merger with TAE Technologies. The decline added to a broad market reaction in which companies associated with different policy areas moved sharply in opposite directions before regular trading began.
Forbes reported that futures had fallen Tuesday night after Kalshi odds showing Democrats were likely to take the Senate rose above 99%. At about 11 p.m. EDT Tuesday, S&P 500 futures were down 1.2%, Nasdaq futures had fallen 2% and Dow futures were lower by 0.8%. The subsequent rebound underscores how quickly premarket trading shifted as the election result and Trump’s response became clearer.
