Markets rise, but SpaceX and Tesla stocks fall, after Dems take back the House and Senate. Here’s why

Stock futures rose premarket Wednesday following a significant Democratic victory in the midterm elections, with Democrats securing control of both the House and Senate. While S&P, Dow, and Nasdaq futures trended upward, shares of Elon Musk's SpaceX and Tesla, along with various AI stocks, experienced a decline. This shift in Washington's balance of power created investor uncertainty for specific sectors despite the overall positive market reaction and President Trump's statement that he will accept the results.