Futures pare early losses as Democratic sweep in midterms was priced in
US equity futures erased steep early losses overnight as the Democratic sweep in the midterm elections was judged largely priced in, with tech earnings next in focus.
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Last updated Wednesday, November 4, 2026 — 5:45 AM EST
US equity futures erased steep early losses overnight as the Democratic sweep in the midterm elections was judged largely priced in, with tech earnings next in focus.
Intel shares plunged 29 per cent on Friday, their worst day since the 1970s, after the chipmaker issued weaker guidance hit by plant shutdowns in Israel and a soft personal computer market.
Moderna shares dropped as much as 25% after partial phase 3 data on its personalised melanoma vaccine, developed with Merck, leaked before its scheduled presentation, even though the results beat Wall Street expectations.
Wall Street is bracing for stocks to fall if Democrats regain control of both houses of Congress in the US midterm elections less than a month away, Bloomberg reported.