US Stock Futures Rise As Democrats Make Midterm Gains — AMD, SMCI, PLTR, SPCX, DJT In Focus

• AMD surged more than 7% in premarket trading after beating third-quarter estimates and issuing a stronger-than-expected sales forecast.

• PLTR fell amid concerns over potential regulatory scrutiny of AI infrastructure.

• SpaceX and Trump Media also declined after Democrats gained ground in the midterm elections.

U.S. stock futures were in the green early on Wednesday as investors assessed the impact of Democrats gaining control of Congress and securing many important gubernatorial victories in the 2026 midterm elections.

The Democrats’ takeover of the Senate marks a major setback for Republicans in Washington and sets the stage for greater congressional opposition to President Donald Trump.

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As of 3:15 a.m. ET, S&P 500 futures were up 0.18%, while Nasdaq-100 futures were 0.09% higher. Dow Jones Industrial Average futures gained 0.5%. All three major index futures had recovered from their session lows.

In the previous session on Tuesday, U.S. stocks ended mostly higher, with technology and semiconductor shares leading a recovery. The S&P 500 gained 0.4%, while the Nasdaq-100 advanced 0.7%. The Dow Jones Industrial Average slipped 0.4%, while the small-cap Russell 2000 added 0.2%.

Oil Gains As Markets Await Next Move On Iran War

Oil prices rose on Wednesday in a volatile trading session as investors awaited Washington’s next move in the war with Iran, while Democrats captured control of the U.S. Congress from Trump’s Republicans in the midterm elections.

Brent crude futures rose 0.35%, to $103.95 a barrel at 3.15 a.m. ET. US West Texas Intermediate (WTI) crude futures gained 0.02%, to $96, reversing earlier losses.

In the previous session, Brent settled at its lowest level in nearly four weeks as traders weighed prospects of talks to end the wars in Ukraine and Iran.

The Tech Radar

Palantir Technologies (PLTR): Shares fell 2.3% in early premarket trading on Wednesday, extending their decline despite the company delivering upbeat quarterly results on Monday. The stock came under pressure alongside the broader market amid concerns that a potential Democratic majority in Congress could bring tighter regulations for data centers, threatening to constrain the expansion of AI infrastructure. Palantir also faces broader investor concerns about whether record AI spending can be sustained and whether the sector’s rapid sales growth and valuation gains can continue.