Key takeaways
- Apple, Amazon, Google, Meta and Microsoft stock was up after the midterms, while stocks tied to Trump advisor Elon Musk and data centers fell on Wednesday.
- During trading on Wednesday, Amazon surged 8%, Google rose over 6%, Microsoft rose 4%, Meta was up 3%, and Apple — which faced Trump's tariffs and recently got refunds — climbed nearly 7%.
- Tuesday's results remove uncertainty in the market, David Kelly, chief global strategist at JPMorgan Asset Management, said on "Squawk on the Street."
Many of the biggest technology companies are surging on Wednesday, after Democrats scored a seismic victory in the midterm elections, flipping both the House and Senate. Tuesday's election results remove uncertainty in the market, David Kelly, chief global strategist at JPMorgan Asset Management, said on "Squawk on the Street.
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