Democratic "Blue Wave" expected to intensify, U.S. stock futures decline
2026-11-04 11:00:23
According to CoinMeta, as the market bets that the Democratic Party is expected to gain a majority in Congress in the 2026 U.S. midterms and win governorships in some key states, U.S. stock index futures have declined. S&P 500 index futures fell by 1.1%, Nasdaq 100 index futures fell by 2%, and Dow Jones Industrial Average futures fell by 0.7%. The Kalshi platform shows that the probability of the Democratic Party controlling the Senate has risen to over 90%, indicating that traders are increasingly leaning towards betting that the Democratic Party will achieve a significant victory in these elections. Some on Wall Street believe that if the Democratic Party can gain a substantial advantage in the Senate, the market may face pressure, especially for stocks related to artificial intelligence infrastructure construction. In after-hours trading, large tech companies such as Microsoft, Amazon, and NVIDIA all saw declines. CoreWeave, which is considered a high-risk data center concept stock, fell by 6% in overnight trading on the Robinhood platform. The stock price of SpaceX under Elon Musk fell by 4% on the Robinhood platform.
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Source:Internet
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