Orderly Divided Government
+0.3%
Hinojosa takes office with a Republican-leaning legislature and focuses first on broadly acceptable items: grid reliability, property taxes, school funding, and disaster response. Abbott’s concession lowers legal uncertainty and makes a normal transfer of power the base case.
What it moves
- Utilities+0.6%
- Industrials+0.2%
- Market volatility
- Riskier companies' borrowing costs
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