Wall Street: US stock exchanges are benefiting from falling oil prices – and are up sharply

US midterms, artificial intelligence, crude oil prices and a CEO's affair recently weighed on Wall Street. Even if the indices stabilize, the unrest is not over.

Dusseldorf. Wall Street is recovering from last week's selloff. All four major US indices rose on Monday.

The Nasdaq technology exchange index is trading at 25,150 points, up 2.3 percent.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, also rose at the start of trading and was up 2.7 percent at 27,722 points.

The broader S&P 500 also advanced 1.8 percent to 7,503 points.

The Dow Jones index of standard stocks is 1.5 percent higher at 52 points.

This means that prices are stabilizing after last week's swings. Within two days, the mood changed: confidence after the midterm elections in the USA and falling crude oil prices were followed by concerns about artificial intelligence (AI). In Germany, too, the Dax fell by up to 1,000 points just 24 hours after its record high.

"But the markets are not out of the woods yet. The movement was just a small countermovement to the sell-off," warns Kyle Rodda, senior financial market analyst at capital.com. Because there is a realization that the Democrats – as winners of the midterms – could slow down the expansion of the data centers pushed forward by US President Donald Trump.

According to estimates by UBS strategists, almost a third of the computing power that is scheduled to come online in the USA in 2028 is at risk. Planned data centers in Texas account for the majority of this. There, Democrat Gina Hinojosa defeated Republican Greg Abbott. It has announced that it will stop new approvals for data centers. Before her, the last time a Democrat won the gubernatorial election in Texas was in 1990.