US stocks rally as Tesla and SpaceX fall on election outcome

Cointime reports: On November 4, the three major US indices closed higher as midterm election results became clearer, with the Dow up 3.03%, the S&P 500 up 1.58% and the Nasdaq up 1.44%. Tesla (TSLA) fell 3.34% to $385.19 and SpaceX (SPCX) dropped 3.81% to $135.92, with both slipping further in after-hours trading. Investors weighed how the changed congressional power balance could affect regulation and AI data-center approvals.