US stock futures fall as Democrats win Congress, dealing setback to Trump
US stock futures fell sharply Wednesday after midterm election results showed Democrats winning control of both the House and Senate, delivering a major setback to President Donald Trump. Nasdaq-100 futures dropped up to 2% overnight, while S&P 500 futures declined about 1.2%. Democratic victories in traditionally Republican states like Texas, Kansas, and South Carolina secured Senate control, with the party also poised to take the House. Investors fear stricter AI regulation and data center oversight could slow infrastructure spending, while the US dollar weakened and 10-year Treasury yields fell toward 4.90%. Trump said he accepts the outcome and is open to working with Democrats. Asian tech stocks also declined, with Japan's Nikkei 225 losing 1.6%, as markets weighed potential regulatory impacts on semiconductor supply chains and AI investment.