Review of This Week’s Market: Changes in U.S. Politics, Sharp Drop in Tech Stocks, and the Main Line of Middle Eastern Oil

智通财经2026/11/06 12:07

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The Democratic Party achieved a landslide victory in the congressional elections, gaining control of both the House and Senate, becoming the core logic behind asset pricing this week.
The market is concerned about limitations on computing power infrastructure, leading to a sell-off in the AI sector; the Nasdaq experienced a maximum drawdown of 12% from its peak, with market capitalization shrinking by 1.7 trillion in a single day, causing risk sentiment to spread across global stock markets.
Brent crude oil fell to 96 USD/barrel, on track for one of the largest weekly declines in recent years, as the market bets on an easing of Middle East tensions and decreasing risks in the straits.
Expectations for the general election have shifted, with increased support for Democratic candidates and capital pricing in expectations of tighter technology regulations ahead of time.
Frequent cyberattacks have raised market concerns over AI-powered network disruptions, pushing up potential economic costs.

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Review of This Week’s Market: Changes in U.S. Politics, Sharp Drop in Tech Stocks, and the Main Line of Middle Eastern Oil

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