Wall Street holds its breath over the possible political shift in the U.S.

Wall Street is on edge due to the upcoming midterm elections in the U.S., with analysts predicting increased volatility from a potential split in power between parties. Market tensions are evident, with oil prices dropping amid diplomatic hopes in the Middle East and Apple shares falling due to profit margin concerns. Investors are particularly focused on the implications of a likely Democratic victory, which could negatively impact tech stocks and complicate data center expansion. The U.S. debt ceiling is projected to reach critical levels by 2027, raising concerns about a potential technical default if Congress fails to act. Historically, the S&P 500 has not declined in the year following midterm elections, suggesting a possible resilience in the market despite current uncertainties.