The stock market rose Wednesday morning after Democrats won control of both chambers of Congress in Tuesday’s midterm elections.
The S&P 500, a broad index of 500 large U.S. companies, was up 1.8 percent as of 10:30 a.m. Eastern time, on track for its best day in three months.
Oil prices fell. Brent crude, the global benchmark, dropped below $100 a barrel for the first time since Oct. 7.
Solar companies were among the biggest gainers, with First Solar up 11 percent.
But not every sector did well. Shares of some artificial intelligence companies fell after Democrats who want to pause or limit data center construction won the governor’s races in Texas, Georgia and Ohio. Defense contractors including Lockheed Martin and Northrop Grumman also fell.
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