Global stocks rebound as Democrats win Congress, easing market uncertainty

Global stock markets rebounded Wednesday after Democrats won control of both chambers of Congress in the U.S. midterm elections, providing greater political clarity and reducing market uncertainty. Wall Street's three major indices rose, led by communication services, consumer discretionary, and technology stocks, while energy shares fell as crude prices dropped 2%. The Dow gained 2.05%, the S&P 500 rose 1.72%, and the Nasdaq climbed 2.46%. Investors expect Democratic control to bring tighter oversight of artificial intelligence, a sector that has driven recent market gains. U.S. Treasury yields fell, with the 10-year note at 4.95%, and the dollar weakened against major currencies including the euro and yen. Brent crude declined 2.2% to $101.27 per barrel, while bitcoin rose 3.49% to $80,553.92.