CatalystGeopolitics
Futures are mixed as America votes: Apple is down 4% on a gross margin warning and oil is bouncing after the US strike on Iran, but semis are bid and Nvidia is up 1.5%. Polymarket has Dems at 94% for
Futures mixed amid US election, Apple decline, and oil rebound after defensive US strike on Iran.
Context
What happened: US futures were mixed as America votes in the midterms, with Apple sliding on a gross margin warning, Palantir tumbling on a soft outlook, and oil rebounding after a "defensive" US strike on Iran's Qeshm Island.
Key numbers: S&P futures down 0.1% at 7,564, Nasdaq futures up 0.3%, Dow futures down 0.6% at 51,826.
Why it matters: Polymarket assigns a 94% chance of a Dem House and 78% chance of a Dem Senate, an outcome markets fear means more AI regulation and hurdles for the data center buildout. The Texas governor race is seen as the one to watch for the AI trade.
Coverage: 7 outlets in 24h
What changed
US futures were mixed as America votes in the midterms, with Apple sliding on a gross margin warning, Palantir tumbling on a soft outlook, and oil rebounding after a "defensive" US strike on Iran's Qeshm Island.
Why it matters
Polymarket assigns a 94% chance of a Dem House and 78% chance of a Dem Senate, an outcome markets fear means more AI regulation and hurdles for the data center buildout. The Texas governor race is seen as the one to watch for the AI trade.