Midterm elections: GOP appears on the way for the House of Representatives; Tight Senate (SP500)

Low angle view of people queuing to vote

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The arrival of 9pm ET means polls are finally closed in 15 more states – this means most US states have weighed in in the 2022 midterm elections , only nine more Western states have The polls closed after that – and so far nothing has changed the conventional understanding of the shape of the ballot.

The latest poll’s closing wave includes the battleground states of Arizona, Colorado, Iowa, Michigan, New York and Wisconsin. New York Democratic Senator Charles Schumer saw his race in his favor.

Early East Coast races in areas like Virginia – the kind of Indoor race that poll watchers use to guess whether the room’s story will be a “red wave” or a “red tsunami” — pointed to a modest red wave, according to analysts from both sides of the Republican-leaning House of Representatives aisle.

That should come as no surprise given that the Congressional midterm vote tends to go against the party holding the presidency (this year the Democrats).

Control of the Senate – which is barely in the hands of Democrats, with 50 senators in each party and a tie held by Vice President Kamala Harris – appears to be still firmly held and could take a few minutes. days or weeks to call either way, with late starting numbers. in Pennsylvania and Arizona, and at least the possibility of a spillover vote in Georgia to be held in early December.

The most unexpected results to date seem to have come in Florida, which has leaned heavily on the Republican side. GOP Governor Ron DeSantis has been named the winner of the race for Florida’s governorship, making a big splash in Obama’s old stronghold of Miami-Dade County, and Republican Marco Rubio won the election. back to the Senate.

As of 9:15 p.m. ET, stock index futures have reversed their decline, moving slightly higher. S&P Futures (SP500) to be 0.06% increaseNasdaq (COMP.IND) future up 0.2%while Dow (DJI) the future has down 0.2% is currently flat.

Check out more about What to watch in the markets when the vote becomes final.

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