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US midterms 2026: results and how markets reacted

Last updated: · 7 sources

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.

RTXRTX

Defense
Latest close
$203.82Close of November 3, 2026
ATLAS fair value
$183.70Latest close 11% above fair value
ATLAS analysis RTX →

Markets today

Latest close of the main US indices, from ATLAS public data. Not live quotes: during the session these levels are the previous close.

IndexLevelChange
S&P 500Close of November 37,568.92+0.36%
Nasdaq-100Close of November 328,180.26+0.68%
Dow JonesClose of November 351,786.72−0.38%

data updated: November 4 at 09:00 AM UTC

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Sources

  1. Midterms 2026 live updates · CBS News · November 4, 2026
  2. Midterms 2026 results report · MS NOW · November 4, 2026
  3. Midterms 2026 live coverage · NBC News · November 4, 2026
  4. Midterms 2026 live updates · Yahoo News (AP figures) · November 4, 2026
  5. US stock futures report, Nov 3, 11:57 PM ET · Fox Business · November 3, 2026
  6. Markets live blog, Nov 4, 3:12 AM ET · CNBC · November 4, 2026
  7. Analyst commentary on the midterms and the stock market, Nov 3 · CNBC · November 3, 2026

Educational information, not investment advice.

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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