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Democrats Holding House Majority But Suffer Losses to GOP

November 4, 2020 Editor Comments Off on Democrats Holding House Majority But Suffer Losses to GOP

(Bloomberg) — Democrats are forecast to keep control of the U.S. House after Tuesday’s elections, but with at least six incumbents losing their seats and others in jeopardy Republicans have likely chipped away at their majority.Among the Democrats defeated were several elected in the 2018 “blue wave” that swept the party into the House majority, as well as with Agriculture Chairman Collin Peterson, who has represented his Minnesota district since 1991. There were 13 other Democrats trailing or in tight races in Pennsylvania, New York, Michigan, Iowa, Virginia and California.With the losses and the failure to flip targeted GOP seats …read more […]

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U.S. Futures Erase Drop as Treasuries, Dollar Jump: Markets Wrap

November 4, 2020 Editor Comments Off on U.S. Futures Erase Drop as Treasuries, Dollar Jump: Markets Wrap

(Bloomberg) — S&P 500 futures fluctuated while Treasuries jumped amid concern the U.S. is heading for a contested election after President Donald Trump called for the Supreme Court to intervene.Contracts on the benchmark stock index swung from losses to gains. Futures on the tech-heavy Nasdaq 100 remained up more than 1.5% for most of the Asian and European day. Ten-year Treasury yields tumbled to as low as 0.76% and the dollar strengthened against its biggest peers. The offshore yuan and Mexican peso retreated and gold slipped. European stocks opened lower.Earlier futures lurched lower after Trump falsely declared early Wednesday he …read more […]