Democrats win control of Congress in midterm elections
Business · 4 November 2026
Written by AI from multiple news reports
Democrats won control of both the Senate and the House of Representatives in Tuesday's U.S. midterm elections. Donald Trump remained president, so the country now has a divided government. Decision Desk HQ confirmed that Democrats also won several governor races.
Markets reacted cautiously on Wednesday. U.S. stock futures fell overnight, with Nasdaq futures dropping more than two percent at one point. By the end of the day, the S&P 500 closed slightly higher, up 0.36 percent. Technology shares in Asia also fell while results were coming in.
Investors are worried because a divided government can make it harder to pass new laws. Budget talks and decisions about taxes may become more difficult. Sectors like healthcare, banking, and artificial intelligence could all be affected.