Democrats Gain Senate

45%its chance, of the story’s futures

+0.1%on the S&P 500, if it happens

James Talarico’s Texas victory proves decisive in giving Democrats narrow Senate control. The market reaction depends on whether investors see the new majority as centrist and constrained or as a platform for tougher oversight of energy, finance, and technology.

What it moves

Energy−0.5%
Utilities+0.5%
10-year Treasury yield▼ down
Market volatility▼ down

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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