US stock futures dip as investors await midterm election results
SPY•S&P 500 futures fell 0.5% and Nasdaq futures fell 0.9% as investors awaited US midterm election results, with control of Congress at stake.
1. Election results in focus
US stock futures slid and the dollar softened as investors awaited results from the US midterm elections. Democrats were favoured to capture the House, while both parties were competing for control of the Senate; Democrats needed to gain four seats to take control. Jon Ossoff won re-election in Georgia, and Mark Warner won re-election in Virginia as expected.
2. Markets and company news
A Pepperstone analyst said the market reaction could depend on how decisively either party won and how far the result differed from expectations. Asian shares edged higher, with South Korean stocks rising more than 2% early in the session. AMD forecast faster-than-expected 2027 growth and reported third-quarter results that beat market expectations.
