Stock futures fall as Democrats win midterms
The gist
US stock futures fell as Democrats won early Senate races, with Nasdaq-100 futures down about 2%.
Investors are weighing whether a Democratic sweep could curb AI spending and business-friendly policy.
How it unfolded
- Oct 9, 2026Bank of America chief equity strategist Michael Hartnett said a Democratic sweep poses a "meaningful" threat to risk appetite and stocks could fall more than 10%.
- Oct 22, 2026Wall Street braced for stocks to fall if Democrats regained both houses, with a House majority seen as likely and the Senate far less certain.
- Nov 3, 2026Stock futures dropped after early counts suggested a big night for Democrats; Nasdaq 100-linked contracts were down more than 1%.