Democrats win Congress in midterm rebuke to Trump

Democrats won control of Congress in the U.S. midterm elections, flipping the Senate and House in a rebuke to President Donald Trump, sending stock futures higher and the dollar to a one-month low. Wall Street futures rallied on the results, though Tesla and SpaceX shares fell premarket. Democrats scored upset victories in Texas, including a Senate seat and the governorship, which investors linked to pressure on Elon Musk’s companies. Trump said he would work with Democrats and accept the results. The Democratic majority gives the party a check on Trump’s agenda and oversight power. Analysts noted markets favor gridlock, while Iran’s speaker said Americans voted "no to war." AMD rose on strong earnings, and other tech stocks recovered from early declines.