U.S. stock index futures rose significantly on Wednesday, recovering from the sharp decline the previous evening, as the results of the mid-term elections became clear, alleviating political uncertainty.

The Dow Jones futures rose by 724 points, an increase of 1.4%; both the S&P 500 futures and the Nasdaq 100 futures rose by about 1%.

The Democratic Party won control of both the House of Representatives and the Senate, as well as key gubernatorial elections including in Texas. Previously, concerns about potential disputes over the results had subsided, as President Trump stated that he would accept the election outcomes.

Health insurance stocks led the gains, with Molina Healthcare rising by 6.3% and Centene rising by 4.7%; solar energy stocks also saw increases.

AMD surges 6% following strong financial results.

Tesla and SpaceX both fell by nearly 5%, CoreWeave fell by 3.6%, and defense stocks also saw a decline.

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