Markets rally as Democrats sweep Congress; Trump accepts results but signals no policy shift

Democrats won control of both chambers of Congress in Tuesday's midterm elections, a result widely described as a "stunning rebuke" to President Trump, who said he will accept the results and work with Democrats. The Senate stood at 54-44 in favor of Democrats, with the House at 228-129. Trump told Fox News the Democrats "did a good job" and said he was "absolutely willing to accept those results," but allies like Newsmax CEO Chris Ruddy said he will likely continue his policies through executive orders, leading to more battles. The election marked only the third time in 50 years that a party lost control of both chambers at once. Markets rallied on the prospect of gridlock, with the S&P 500 historically rising after midterms, while AI-related tech debt hit a record high exceeding dot-com era levels.