Oil Rebounds Toward $100 as Democrats’ Sweep Rattles Energy Stocks

S. President Donald Trump's administration. 65, with prices rising for the first time in four sessions after plunging to a near two-month low on Wednesday. S. 72/MWh. S. stock market resumed its recent downtrend on Thursday, with the S&P 500 down more than 3% and the Nasdaq off about 5% in afternoon trading as a selloff in AI chip stocks deepened.

AI stocks tied to Texas data centers were hit hard after Democrat Gina Hinojosa defeated long-serving Texas governor Greg Abbott, with CoreWeave NASDAQCRWV falling 7% and Nebius Group NASDAQNBIS and Oracle NYSEORCL each sliding 4% in overnight trading on Wednesday.