US futures rally as Democrats win Congress
US stock index futures rallied on Wednesday after Democrats secured control of both chambers of Congress in the midterm elections. Investors bet that a divided government would limit major policy shifts, lifting major technology stocks while Treasury yields moved lower.
United States stock index futures rallied during Wednesday morning trade after Democrats secured control of both chambers of Congress in the midterm elections, lifting Dow E-minis 748 points. The sweeping victories across traditional Republican strongholds pointed to a divided Washington, easing investor concerns over drastic policy shifts. Mega-cap technology shares led the advance as markets weighed the legislative gridlock against potential regulatory headwinds for artificial intelligence.
