Trump Loses Congress as Voters Reject His Presidency, but…
By Rick Steves
AI summary of the source article
Democrats won control of both the US House and Senate in midterm elections, triggering an initial drop in stock futures and the dollar. Investors weighed the impact of divided government and increased regulatory scrutiny on AI and data centres.
Why it matters
That matters for sectors affected by federal regulation, technology policy, energy and trade.
Key facts
- Democrats won control of both the House and Senate in the US midterm elections.
- Nasdaq-100 futures fell up to 2.4% and S&P 500 futures dropped 1.4% before recovering.
- The US dollar reached a one-month low while gold climbed above $4,000.
Source excerpt · FinanceFeeds
Democrats’ sweep gives them control of both chambers for Trump’s final two years, triggering an overnight risk-off move before investors began weighing what divided government can realistically deliver. Trump’s Republicans lost control of both the House and Senate in a sweeping midterm defeat that gives Democrats the power to block much of his legislative agenda and intensify oversight of the admi…