Stock futures jump as Democrats sweep midterm elections

Stock futures soared Wednesday after Democrats won a resounding victory in the midterm elections, with Dow Jones Industrial Average futures up roughly 1,150 points, or over 2 percent, before the opening bell. Democrats flipped the House, Senate, and multiple governor’s mansions, breaking the GOP’s grip on Congress and dealing a political blow to President Trump. Investors welcomed the divided government, as analysts noted it would be hard to pass major legislation in the last two years of Trump’s term. Voters also backed restricting data center construction in 37 of 44 related measures, hitting tech shares like Nvidia and SpaceX. Bond yields dipped, while analysts cautioned that Trump’s actions on the Iran war could reverse the market’s gains.