Stock futures and the dollar slide as Democrats make Senate gains
Nasdaq futures fell 1.8% in Asian trade after Tuesday’s mixed close, as early results raised bets on a Democratic Congress.
Source published · In the Daily Brief of 4 November 2026
The S&P 500 closed Tuesday at 7,568.92, up 0.36%, and the Nasdaq Composite at 25,372.01, up 0.83%, on a rebound in chip stocks. The Dow fell 0.38% to 51,786.72 as Apple weighed.
Reuters reported that S&P 500 futures fell 0.8% and Nasdaq futures 1.8% early on Wednesday, while the 10-year Treasury yield dropped 6 basis points to 4.906% from a 4.95% close. The dollar index fell 0.32% to 101.39, and Japan’s Nikkei lost 3%. Charu Chanana of Saxo linked the sharper Nasdaq fall to possible regulatory scrutiny of AI and Big Tech.
By 03:00 UTC, NBC News projected Democratic Senate flips in North Carolina and South Carolina, with Texas, Ohio and Kansas leaning their way. Democrats need a net gain of four seats. CNBC’s election page headline said they were projected to win the House, with counting continuing.