US stocks plunge as Democrats sweep midterm elections

news.com.au —

Stocks plunged after the Democrats swept the US midterm elections, with some races still uncalled. The market's violent reaction marks the most critical immediate consequence of the vote. In Alaska, less than one percentage point separates the Democrat and Republican Senate candidates. Donald Trump claimed the election is over and the Republican easily wins, suggesting votes for a non-Republican candidate should be given to the incumbent amid allegations of a Democratic "decoy" candidate. The recriminations within Trump's party have escalated following its historic wipeout in the midterms. The Alaska race remains contested as the party grapples with the election's fallout.


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