U.S. Stock Futures Fall After Democrats Regain Congress, Win Texas and Ohio Governor Races

U.S. stock futures fell Tuesday night, Nov. 3, as traders assessed Democratic gains in Congress and gubernatorial victories in Texas and Ohio that could affect fiscal talks and data-center development. Futures tied to the Dow Jones Industrial Average dropped 408 points, or 0.79%. S&P 500 futures fell 1.25%, while Nasdaq futures lost 2.24%. Democrats won Senate races in South Carolina, Texas, Kansas and Iowa, regaining control of both chambers of Congress. Democratic candidates also won gubernatorial races in Texas and Ohio. Both states have become major data-center hubs, where rapid construction has drawn opposition that could weigh on the AI trade. Wall Street often favors divided government because split control can limit one party’s ability to push major policy changes.

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