Nasdaq 100 Futures Sink 2.1% as Democrats Gain Ground in Senate Races

US equity futures extended their decline as election reports indicated that Democrats had captured a previously Republican-held Senate seat, adding to uncertainty over the balance of power in Washington.
Nasdaq 100 futures fell as much as 2.1% during the session, while S&P 500 futures dropped more than 1% from their overnight high.
Prediction markets reportedly placed the probability of Democrats winning both chambers of Congress above 75%, reflecting a sharp shift in traders' expectations.
The simultaneous decline in equity futures suggests investors were reducing exposure to risk assets as election developments unfolded. However, the price moves cannot be attributed solely to politics, with geopolitical tensions and broader economic conditions also affecting sentiment.
Prediction market prices are not official election results, and the reported probabilities may change as additional votes are counted.