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US STOCKS-US Stock Index Futures Steady as Democrats Seize Congress
Investors weighed tighter regulation, higher taxes and AI oversight as Nasdaq-100 futures recovered from an early 2.4% drop, Reuters reported.
- On Wednesday, U.S. stock futures stabilized after falling sharply overnight as Democrats secured majorities in both the House and Senate, leaving President Donald Trump facing an opposition-controlled Congress for his remaining two years.
- Investors expressed concerns that a Democratic Congress could bring tougher regulation of artificial intelligence, prompting shares of Amazon, Alphabet, Microsoft, and Meta to trade lower on concerns of increased oversight.
- Aidan Yao, senior investment strategist for Asia at Amundi Investment Institute, told Reuters, "The significance of these midterm elections is more like a referendum on AI than a referendum on Trump."
- Nasdaq-100 futures initially fell 2.4% and S&P 500 futures dropped 1.4%, though Dow futures climbed 0.46%; Elon Musk's SpaceX shares dropped more than 4% as Democrats made electoral gains.
- Oil markets remain volatile as traders assess how the political shift impacts Trump's handling of the war with Iran, with West Texas Intermediate crude gaining 0.7% amid inventory report expectations.
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·Sofia, Bulgaria
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(Seoul = Yonhap News) Reporter Hwang Jung-woo = As vote counting for the U.S. midterm elections is underway, major index futures on the New York Stock Exchange have turned downward.
·Seoul, Korea (the Republic of)
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Total News Sources11
Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
C 57%
R 43%
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