The article says the president will still have considerable power to move markets on his own, even with a Democratic-led Congress. It focuses on what Trump can do without congressional approval.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on MarketWatch ↗
Keywords
Donald TrumpDemocratic Partymidterm elections
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 754.41 |
| Change that session | +0.31% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Chinese expert says major US-China “shock” unlikely after Democratic win
According to SCMP on 4 November, Chen Dongxiao said the midterm elections are unlikely to cause a sudden shock in US-China relations, despite the shift in congressional power. He said Democrats may focus mainly on scrutinising Trump’s domestic agenda, while the two parties still share many strategic views on China. Chen said Trump could still help keep ties stable and the two leaders might meet on the sidelines of APEC in Shenzhen on November 18–19. He described relations as closer to a “tactical truce” than a real rapprochement. Zhao Minghao of Fudan University called the result a “blue tsunami” but said Washington’s overall China strategy is unlikely to be reversed.
- Stock Market Today (Nov. 4, 2026): Nasdaq climbs as Democrats take House and Senate
President Trump congratulated Democrats on taking control of the House and Senate and warned he will “just veto everything.” The Nasdaq rose as Democrats took control of both chambers.
- Dow Jones futures surge 1,000 points after Democratic win, Trump makes surprising new move
Dow Jones futures jumped as much as 1,083 points, or 2.1%, after Democrats won majorities in both the House and Senate in the midterm elections and took several key governorships, including Texas. The result could curb President Trump's policies, which combined business tax cuts with tariffs and the war in Iran, contributing to higher inflation. S&P 500 futures rose 1.1%, while Nasdaq-100 gained only 0.4% as AI-linked stocks came under pressure. Trump told the New York Times he was “fully prepared” to accept the results and said he and Republican lawmakers would work with Democrats, while Walmart rose 2%, Bank of America 1.9%, UnitedHealth 1.4% and Molina Healthcare 6.3%. Investors remain wary of possible restrictions on data center construction, as Gina Hinojosa, who pledged to pause new data center projects, won the Texas governor's race.
- Which sectors will benefit most and face pressure after Democratic sweep?
Democrats won both the House and Senate in the midterms, with AP projecting 54 Senate seats and 228 House seats, but Trump's veto and the lack of a filibuster-proof majority point to gridlock rather than sweeping legislation. In premarket trading reported by Reuters, clean-energy stocks rose sharply, with First Solar up 9.4%, Sunrun up 10% and Enphase up 7.6%, while Tesla fell 3.6%. Health insurers and hospitals also gained, the 10-year yield dropped about 6 basis points to roughly 4.9%, and gold rose above $4,000. Data-center and AI names face the most pressure as public opposition to nearby data centers rose from 28% to about half of Americans, and these premarket moves could reverse by the open.
- Will Crypto Rally After the Midterm Elections? If History Is Any Guide, This Happens Next.
Bitcoin has historically performed strongly in the year after midterm elections, rising 1,579% in 2010-11, 24.1% in 2014-15, 44.9% in 2018-19 and 92.1% in 2022-23. Excluding the 2010-11 cycle, when the market was much smaller, Bitcoin gained an average of 54% in the year after midterms, according to CoinDesk. This cycle could differ: Trump has issued executive orders on a Strategic Bitcoin Reserve, Congress passed the Genius Act for stablecoins, but the Clarity Act has not passed, and Democrats are favored to win control of Congress and may demand more concessions from Trump. Bitcoin has typically surged for 12 to 18 months after its four-yearly halvings before falling into a bear market, so the post-midterm gains may partly reflect that pattern rather than the midterms themselves. Crypto remains extremely volatile, making near-term outcomes difficult to predict.
- What Trump losing power over Congress means for Iran, Ukraine and foreign policy
According to CNBC experts, with Democrats taking control of Congress, President Donald Trump could focus more on foreign policy in his final two years in office, while facing closer scrutiny over the wars in Iran and Ukraine. The Associated Press projects Democrats will win a Senate majority and have also taken control of the House, giving them more scope to scrutinize the administration and challenge Trump's foreign-policy agenda. Laurel Rapp of Chatham House said Democrats could use the 'power of the purse' to limit spending on U.S. military and Iran-related costs, but making such restrictions binding over a presidential veto would require enough votes to override it. J.C. Lintzenich of the German Marshall Fund said the president is not a 'lame duck' since he still holds considerable foreign-policy authority, while Congress is expected to provide more oversight, including on Ukraine funding required by law.
Related markets
Latest news
- AMD earnings analysis: questions answered and next catalysts
AMD reported FQ3 2026 on November 3, with revenue of $13.38 billion against a $13.06 billion estimate and EPS of $2.09 against $1.94. Data Center revenue rose 97% to a record $8.5 billion, or 64% of sales, and Q4 revenue is guided to about $17.0 billion, up 66% year over year. Client & Gaming fell 8% to $3.7 billion, while the timing of dilution from OpenAI and Meta warrants remains unclear. The stock fell 15.8% over the past week and sits well below its 52-week high of $658.52.
- Elon Musk’s Tesla and SpaceX Stocks Fall After Democrats Sweep Elections, Senator Warns of ‘Subpoenas’
Shares of Elon Musk’s Tesla and SpaceX fell after Democrats swept the 2026 midterm elections on Tuesday, November 3. According to The New York Times, when markets opened on Wednesday, November 4, Tesla dropped more than 5% and SpaceX more than 7%, before recovering some of those losses.
- What Is x402? How AI Agents Pay With Crypto
x402 is an open payment standard from Coinbase that uses the long-unused HTTP 402 “Payment Required” code so AI agents and apps can pay for online services. Payments are mostly made in USDC on Base through facilitators, and buyers sign an authorization rather than create accounts or API keys. More than 50 companies, including Visa, Mastercard and Google, have joined the x402 Foundation, which now governs the protocol under the Linux Foundation. According to Fireblocks, x402 had processed more than 196 million transactions across 12 chains as of November 1, 2026, settling over $42 million, though more than half of lifetime transactions came from a two-month burst in late 2025 linked to the PING token.
- Why Bill Ackman Says He Feels Like “Markets Are Broken” Casinos
On November 3, 2026, Bill Ackman told television that he feels markets are “broken” and resemble casino-type markets with 95% leverage, a figure he presented as his own claim, while arguing the disorder is good for his firm over the long term. He criticized leveraged short-term funds and perpetual futures on individual stocks, which he said contribute to large price moves. Pershing Square's third-quarter letter, dated November 2, blamed volatility on a reduced float from indexation. Ackman is most bullish on Visa, Mastercard and Netflix, and Netflix closed at $63.42, near its $61.39 low. PS's third-quarter revenue of $56.604 million missed the $75.474 million estimate, with no performance fees.
- TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9%
TeraWulf (NASDAQ:WULF) fell 4% to $12.04 even though it disclosed on November 4 that Google, an Alphabet unit, guarantees Anthropic's leases at its Kentucky campus. The 20-year leases cover about 401 megawatts across three buildings, with contracted commitments of about $19 billion, but the guarantee takes effect only once each lease's last data hall reaches commencement, with phased delivery from late 2027 through Q2 2028. Construction-period risk remains with TeraWulf and its lenders. Cipher Digital (NASDAQ:CIFR) dropped 18% and IREN (NASDAQ:IREN) fell 9% amid broader worries about funding AI data center builds, while TeraWulf's Q3 2026 report is scheduled for November 6.
- AMD's AI Data Center Guarantees Reach $8.5 Billion as It Challenges Nvidia
Advanced Micro Devices Inc. (NASDAQ:AMD) is taking on billions of dollars in potential financial obligations to help customers build AI data centers as it intensifies its challenge to Nvidia Corp. (NASDAQ:NVDA). Its lease guarantees jumped 88% in a short period.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.