{"id":74117,"date":"2026-11-04T02:08:16","date_gmt":"2026-11-04T06:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-futures-slide-amid-democratic-midterm-sweep-trump-defends-iran-strategy\/74117\/"},"modified":"2026-11-04T02:08:16","modified_gmt":"2026-11-04T06:08:16","slug":"nasdaq-100-futures-slide-amid-democratic-midterm-sweep-trump-defends-iran-strategy","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-futures-slide-amid-democratic-midterm-sweep-trump-defends-iran-strategy\/74117\/","title":{"rendered":"Nasdaq 100 Futures Slide Amid Democratic Midterm Sweep; Trump Defends Iran Strategy"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Nasdaq 100 Futures (<a href=\"\/stock\/NQ\">NQ<\/a>) fell as much as 1.5%<\/strong> following projections of a <strong>Democratic sweep<\/strong> in the 2026 midterm elections, sparking concerns over legislative gridlock and shifting fiscal policies.<\/li>\n<li><strong>GOP Senator Susan Collins lost her reelection bid in Maine<\/strong> to Democrat <strong>Troy Jackson<\/strong>, a pivotal defeat for Republicans that solidified the Democratic takeover of the Senate.<\/li>\n<li><strong>President Donald Trump reiterated his lack of regret<\/strong> regarding the initiation of the <strong>Iran War<\/strong> earlier this year, signaling a potential escalation in military operations following the election cycle.<\/li>\n<li><strong>EUR\/JPY slipped below the 177.50 level<\/strong>, continuing a bearish trend after failing to break the upper boundary of its descending channel.<\/li>\n<\/ul>\n<p><strong>Wall Street<\/strong> faced significant volatility on Wednesday morning as investors reacted to a major shift in the U.S. political landscape. <strong>Nasdaq 100 Futures (<a href=\"\/stock\/NQ\">NQ<\/a>)<\/strong> dropped by <strong>0.75% to 1.5%<\/strong> in early trading, while <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> Futures (<a href=\"\/stock\/ES\">ES<\/a>)<\/strong> also saw sharp declines, wiping out approximately <strong>$500 billion in market value<\/strong>. The sell-off was triggered by projections that Democrats have successfully flipped both the House and the Senate, creating a divided government with President Trump in the White House.<\/p>\n<p>In a landmark result for the <strong>2026 Midterms<\/strong>, CNN projected that longtime Republican Senator <strong>Susan Collins<\/strong> has lost her seat in Maine to Democrat <strong>Troy Jackson<\/strong>. Jackson, the former president of the Maine Senate, reportedly led by roughly <strong>five percentage points<\/strong> with over two-thirds of the vote counted. This defeat removes one of the most prominent moderate voices from the Republican caucus and secures a critical pickup for the Democratic party in their quest for a congressional majority.<\/p>\n<p>On the geopolitical front, a new report from the <strong>Wall Street Journal<\/strong> indicates that <strong>President Donald Trump<\/strong> remains steadfast in his military strategy. Trump reportedly told aides he does <strong>not regret<\/strong> initiating the conflict with <strong>Iran<\/strong> earlier this year and is privately skeptical of recent peace proposals. Sources suggest the administration may be preparing for a <strong>renewed bombing campaign<\/strong> now that the congressional elections have concluded, potentially further disrupting global energy markets and the <strong>Strait of Hormuz<\/strong>.<\/p>\n<p>In the currency markets, the <strong>EUR\/JPY<\/strong> cross experienced downward pressure, sliding below the <strong>177.50<\/strong> mark during Asian trading hours. According to <strong>FXStreet<\/strong>, the pair&#39;s pullback from the upper boundary of a <strong>descending channel<\/strong> reinforces a prevailing bearish bias. Technical analysts are now eyeing immediate support at the <strong>nine-day EMA of 176.78<\/strong>, with further downside potential toward the <strong>12-month low of 175.07<\/strong> if selling pressure intensifies.<\/p>\n<p>The combination of domestic political upheaval and heightened Middle East tensions has left markets in a state of &quot;election hangover.&quot; While growth stocks in the <strong>Nasdaq 100 (<a href=\"\/stock\/QQQ\">QQQ<\/a>)<\/strong> bore the brunt of the initial reaction, some analysts suggest a <strong>mean reversion<\/strong> could occur once the initial shock of the Democratic sweep is priced in. However, the prospect of a legislative stalemate between a Democratic Congress and the Trump administration remains a primary concern for long-term fiscal stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nasdaq 100 Futures (NQ) fell as much as 1.5% following projections of a Democratic sweep in the 2026 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[3807,4335,6800,9126,15169,17806,22405,23790],"class_list":["post-74117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-qqq","tag-donald-trump","tag-nasdaq-100","tag-susan-collins","tag-eur-jpy","tag-iranwar","tag-midterm-elections-2026","tag-troy-jackson"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=74117"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=74117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=74117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=74117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}