Stocks recover, dollar dips as Democrats score big in US midterms
Daily Sabah · Agencies ·
Global stocks recovered by midday on Wednesday from lows hit overnight, while the dollar weakened, after Democrats won control of both the Senate and...
Global stocks recovered by midday on Wednesday from lows hit overnight, while the dollar weakened, after Democrats won control of both the Senate and the House in the U.S. midterm elections, which raised concerns that rapid AI sector growth could be hamstrung by regulatory scrutiny.
In a major setback to President Donald Trump, Democrats scored sweeping victories in Republican strongholds for the first time in generations.
"Democrats pulled off a double victory in the U.S. midterm elections that few saw coming at the onset of the year. The blue wave means the federal government is sure to be divided on most issues," Deborah Cunningham, chief investment officer, global liquidity markets at Federated Hermes, said.
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