Shares of Tesla (TSLA) and SpaceX (SPCX) are down this morning following a Democratic sweep in the midterm elections. The shift in political power raises concerns over tighter regulations for Elon Musk's companies, weighing on investor sentiment.
Meanwhile, McDonald's (MCD) is seeing movement in its stock after reporting higher profit and revenue for the latest quarter. Strong international performance helped offset weaker sales in the U.S., providing a boost to the fast-food giant's financials.
Uber (UBER) shares are also in focus after the company disclosed weaker-than-expected ride-hail bookings. Driver supply constraints overseas and ongoing tensions in the Middle East contributed to the disappointing results.