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Live: European stocks plunge after US midterm election results shock markets

European shares tumbled on Friday as global investors grappled with uncertainty over AI stocks, following the Democrats’ sweeping victory in the US midterm elections. The drop is partly due to fears that Democrats could curb the development of AI data centres, which are widely unpopular among US voters. Follow our liveblog for all the latest updates.

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Stocks Rally Higher After Democrats Flip Congress

Wall Street cheered the Blue Wave that put Democrats in control of both the Senate and House, with major market indexes and media stocks posting gains Wednesday morning after the midterm elections. The Dow Jones Industrial Average soared over 1,100 points in early trading, up 2.2%, to nearly 53,000, while the Nasdaq Composite index was […]