$TRUMP Breaking: U.S. stocks deepen losses as Democrats make gains in midterm elections
U.S. futures are falling as a Democratic sweep in the midterm elections draws closer: Nasdaq 100 futures dropped 1.08% to 27,876.10, S&P 500 futures fell 0.53% to 7,528.80, the Dow slipped 0.35% to 51,604.30, and the Russell 2000 fell 0.28%. VIX futures rose 3.76% to 20.68 (around 4:08 a.m. Saudi time), with losses deeper than about 40 minutes earlier (Nasdaq 100 -0.63% and S&P -0.30%). After the first polling stations closed, the odds of Democrats winning the Senate on Kalshi jumped to around 90% and the House to 97%, according to CNBC, up from around 73%-75% and 94% just before voting. JPMorgan expects the S&P to fall around 0.5% on Wednesday if a sweep occurs, while HSBC downgraded global equities to “Neutral” amid concerns about tighter AI regulation in this scenario. In commodities, gold is steady near $3,929.52 (3:27 snapshot), while Brent is edging down to $104.27. U.S. President Donald Trump told the Financial Times there are no immediate plans to strike Iran and that energy prices will fall sharply after the election.
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#USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible #AMDBeatsExpectations-AINarrativeContinues #BinanceReopensWithdrawalsForMoreAssets
U.S. futures are falling as a Democratic sweep in the midterm elections draws closer: Nasdaq 100 futures dropped 1.08% to 27,876.10, S&P 500 futures fell 0.53% to 7,528.80, the Dow slipped 0.35% to 51,604.30, and the Russell 2000 fell 0.28%. VIX futures rose 3.76% to 20.68 (around 4:08 a.m. Saudi time), with losses deeper than about 40 minutes earlier (Nasdaq 100 -0.63% and S&P -0.30%). After the first polling stations closed, the odds of Democrats winning the Senate on Kalshi jumped to around 90% and the House to 97%, according to CNBC, up from around 73%-75% and 94% just before voting. JPMorgan expects the S&P to fall around 0.5% on Wednesday if a sweep occurs, while HSBC downgraded global equities to “Neutral” amid concerns about tighter AI regulation in this scenario. In commodities, gold is steady near $3,929.52 (3:27 snapshot), while Brent is edging down to $104.27. U.S. President Donald Trump told the Financial Times there are no immediate plans to strike Iran and that energy prices will fall sharply after the election.
$XAU
$CATI
#USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible #AMDBeatsExpectations-AINarrativeContinues #BinanceReopensWithdrawalsForMoreAssets
