Stock market surges after Democrats' midterm wins

In the US midterms held on November 3, 2026, Democrats won control of both the House of Representatives and the Senate, marking a significant shift in power from the Republicans. This outcome was seen as a direct consequence of President Donald Trump's unpopularity due to economic issues such as rising prices for gas and utilities following his aggressive foreign policies, including the war against Iran. Key Democratic victories occurred in traditionally Republican strongholds like Texas, South Carolina, and Kansas. Despite early predictions that Democrats might struggle to gain control of Congress, their sweeping wins suggest a voter backlash against Trump's policies. The election results have set the stage for renewed debates within the Democratic Party about its ideological direction leading up to the 2028 presidential primary.