Investors are waiting to see if this Election Day will end with Democrats losing their grip on the U.S. House of Representatives and the Senate. Analysts have warned that it might take time to determine which party has scored control of the Senate.
Americans who hadn’t voted early in the midterm elections were heading to the polls on Tuesday, as investors waited to see if this Election Day would end with Democrats losing their grip on the U.S. House of Representatives and the Senate.
“In the Senate, results are very likely to be clouded for days thanks to very close races/vote counting in PA, NV, AZ, NH, CO, WI, OH, NC and a likelier-than-not December runoff in Georgia, required if no candidate gets over 50%,” said Terry Haines, founder of Pangaea Policy. He was referring to the competitive contests in nine states — Pennsylvania, Nevada, Arizona, New Hampshire, Colorado, Wisconsin, Ohio, North Carolina and Georgia.
The House or Senate switching to red from blue would fit the historical pattern in which a first-term president’s party tends to lose congressional ground in the midterms.
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