What I think is the biggest news from election night for markets:

What happened: A Democrat won the Texas governorship for the first time in decades, while Republicans still control the Texas House and Senate. Incumbent Republican governor Greg Abbott had put a moratorium on data center construction on September 21st. Key numbers: Texas will host 25% of all data centers coming online between now and 2030. NDX (NASDAQ 100) is down more than 2%. Why it matters: The hope was that Abbott would win and lift the moratorium. The fear is that the moratorium won't be lifted. Coverage: 15 outlets in 24h

A Democrat won the Texas governorship for the first time in decades, while Republicans still control the Texas House and Senate. Incumbent Republican governor Greg Abbott had put a moratorium on data center construction on September 21st.

The hope was that Abbott would win and lift the moratorium. The fear is that the moratorium won't be lifted.