Major outlets project Democrats won the House and the Senate in the US midterms. What is known so far, how US futures moved overnight, and ATLAS data for companies in sectors analysts cited.
Results so far
House: Democrats are projected to win control. CBS News called it at 10:15 PM ET on Nov 3; NBC News and MS NOW also project a Democratic majority.[1],[3],[2]
Senate: Democrats are projected to win control (CBS News, NBC News, Yahoo News). Tallies differ by outlet: 51 seats (AP, as reported by MS NOW) to 53-54 in live coverage.[1],[3],[4],[2]
Still being counted: Alaska, Mississippi and Nebraska were uncalled at about 2:28 AM ET (CBS News). In Mississippi the candidates were 28 votes apart with 97% counted (Yahoo News, AP figures).[1],[4]
These are projections by news organizations and can change as the count continues.
How markets reacted (overnight futures)
US stock index futures at 11:57 PM ET: S&P 500 down 1.3% and Nasdaq-100 down 2.2% (Fox Business).[5]
By 3:12 AM ET the declines had narrowed to 0.14% for the S&P 500 and 0.22% for the Nasdaq-100 (CNBC).[6]
The Invesco Solar ETF (TAN) was up about 3% at 3:12 AM ET (CNBC).[6]
These are overnight futures, not the cash market. US stocks open at 9:30 AM ET (15:30 in Madrid), and the numbers can change by then.
Sectors analysts cited before the vote
Before the vote, analysts quoted by CNBC (Nov 3) named these areas: defense, health care, banks, tech/AI and energy. This is a list of areas discussed, not a forecast of how they will move. No reputable report of pre-market moves in defense, health care or banks had been found at the time of writing.[7]
ATLAS data for companies in those sectors
Sector relationship, not a demonstrated effect: ATLAS has no evidence that the election moves these share prices. Price is the latest close; fair value is an ATLAS model estimate and can be wrong.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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