• TRM (USD/COP)COP 3,237.83 +0.30% +COP 9.57Colombia's official exchange rate (Financial Superintendence), valid Nov 7 to Nov 9
  • EuroCOP 3,615.02 +0.30% +COP 10.68Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote
  • Mexican pesoCOP 173.11 +0.30% +COP 0.51Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote

Democratic sweep of US Congress: market history points to a strong year, but AI concentration adds risk

FinanceInternational24/7 Wall St.AI summary
Image: 24/7 Wall St.

Voters gave Democrats the House and Senate in the November 3 midterms, so Donald Trump will govern with a divided Congress starting in January 2027. The Dow posted its biggest gain of the year the next day, but on November 5 the tech-heavy index fell 5.56% and the VIX rose to 28.18 from 16.61. The S&P 500 has risen in all 20 12-month periods after midterm elections since 1946, with an average gain of 14.7%.

In 40 seconds

  • Democrats won the House and Senate; Trump will govern with a divided Congress starting in January 2027.
  • The S&P 500 rose in all 20 12-month periods after midterm elections since 1946, with an average gain of 14.7%.
  • AI-related companies make up more than 30% of the S&P 500 and the market is pricing in tighter regulation of data center power use.
Read the full story at 24/7 Wall St.

IASummary generated by artificial intelligence from a story by 24/7 Wall St.. It may contain errors: the original source prevails.

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