The tech sector generally rebounded, especially semiconductors and computer hardware stocks that "benefited from AI", which helped the Nasdaq Composite Index to rebound from its 200-day moving average after three consecutive days of significant declines.

The technology sector, as well as industrial stocks related to "_AI construction and expansion," are also among the best-performing sectors in the S&P 500 index. Among them, Eaton Corporation (Eaton, ETN) saw a significant 7% increase on Tuesday following the release of its financial report.

In contrast, the essential consumer goods sector became the worst-performing sector within this benchmark index on Tuesday. Since the AI trades lost their favor in the first week of October, this sector has been one of the best-performing areas in the market. After reaching their highest levels since May overnight, stocks such as Walmart (Walmart, WMT) and Costco (Costco, COST) all fell by more than 2%.

Within the first hour of trading in the evening session, NASDAQ 100 index futures and S&P 500 index E-mini futures initially continued the upward trend from Tuesday, due to the strong gains of technology giants AMD ( AMD ) and supercomputers ( Super Micro , SMCI ) after their financial report releases.

However, the results of the early and mid-term elections showed strong performance by the Democratic Party, and currently the market believes that their stance on data center construction may be more unfavorable, which is dragging down market sentiment. S&P futures fell by 0.3%, and NASDAQ 100 index futures fell by 0.6%.

The following are the major stocks with significant movements on Wall Street tonight, summarized by The Fly.

Rise after financial report release——

Fall after financial report release——

This article was originally published on TheFly – providing real-time, market-moving breaking financial news.

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