US tech stocks fell on worries that a Democratic Congress could slow the AI boom, with FT’s Joe Miller outlining possible policy stances. The UK government plans to extend Palantir’s £330 million health contract, while Paraguay’s President Santiago Peña resigned after a major digital bank collapse. The Bank of England raised rates to 4% to curb inflation.
Markets saw the Nasdaq plunge amid chaotic trading as the "blue wave" upended AI bets, and Big Tech’s $600 million midterm campaign failed to sway voters. Trump’s tech allies brace for bipartisan backlash as political uncertainty tightens financial conditions.
Source: Financial Times Markets · Summarized by HeadlinesBriefing