Stock Market in the Red. Elections in the USA Fuel Concerns About AI

Democrats achieved significant victories in Senate elections in South Carolina, Texas, and Ohio, marking a setback for President Trump and the Republican Party. This unexpected success led to a sell-off in stocks, particularly in the AI sector, with the S&P 500 and Nasdaq indices declining. Cryptocurrencies also suffered losses amid fears of stricter regulations under a Democratic Congress. Conversely, bonds gained popularity as a safe investment, with yields dropping. The dollar weakened against other currencies, while European indices rose. Analysts noted that the elections created market uncertainty, potentially hindering Trump's legislative agenda and impacting economic growth and inflation.