According to the Associated Press, Democrats have taken control of both the House of Representatives and the Senate, and President Trump will work with a Democrat-led Congress starting in early January. The article notes that a divided Congress is unlikely to pass major tax and spending bills, but could complicate debt-ceiling talks in 2027 and raise the risk of a lengthy government shutdown, while Democrats favor stricter AI rules such as limiting data center expansion. Prediction markets put Democratic control at 94% for the House and 77% for the Senate, while UBS assigns a 50% probability to Democrats winning both chambers. Citing Retirement Researcher, the article says the S&P 500 has averaged 16.63% annual gains since 1926 under a Democratic president and a divided Congress, versus 7.33% under a Republican president and a split Congress. The article argues that company operations and innovation, rather than political outcomes, are the main drivers of long-term investor returns.
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midterm electionsDemocratic PartyDonald TrumpS&P 500budget
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 101.86 |
| Change that session | +0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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