Democrats won both the Senate and the House, and the stock market rallied, with the Dow Jones up 1,245 points, or 2.40%, at 53,032 by 10:44 am ET on Wednesday, while the S&P 500 rose 1.52% and the Nasdaq gained 1.82%. Not every stock joined in: data centre companies, Tesla and SpaceX fell. Democrats made gains in Texas and Georgia, where public opposition to new data centres is growing, and investors fear tighter rules could slow the AI boom. Democrat Gina Hinojosa defeated Governor Greg Abbott after promising an immediate pause on new data centre projects until lawmakers introduce stronger safeguards, adding pressure on AI infrastructure stocks, with CoreWeave falling 7%. Texas accounts for an estimated 27% of planned US data centre capacity, according to Wells Fargo. With Republicans losing control of both chambers of Congress, President Donald Trump's administration could face greater difficulty passing major policy changes. Investors saw the outcome as reducing uncertainty, and Scott Chornert, head of US equity strategy at Citi Research, described the election as a clearing event. Amazon gained around 7.1%, Alphabet rose 3.4% and Meta Platforms added 1.6%, while Apple and Microsoft gained nearly 6% in morning trading. McDonald's climbed around 3.9%, Amgen gained about 3%, and Block jumped 15%. SpaceX shares fell around 1.9% to $