The midterm elections in the United States changed the balance of power in Washington: the Democrats gained control of both houses of Congress. Investors received this news positively: the Nasdaq rose 1.44% on the day, the S&P 500 rose 1.58%, and the Dow Jones gained 3%. Markets are counting on a renewed Congress to rein in Trump's most controversial decisions. Democrats intend to tighten control over Trump's trade policy, but they won't be able to quickly remove the tariffs: the president imposed a significant portion of them without congressional approval. Another source of tension is the budget: temporary government funding expires on December 11, and the differences between the parties could lead to another shutdown. The election dealt a separate blow to Elon Musk's business. The entrepreneur spent nearly $475 million supporting Republicans, but Democrats won, including in Texas, where Musk's key assets are located. Tesla and SpaceX shares after the election fell by more than 3%, the billionaire's fortune fell by $33.5 billion per day. But the shares of Microsoft and Amazon, on the contrary, rose by more than 6%: the opponents of the active construction of data centers also won the elections, so companies with their own capabilities look more profitable. The consequences of the elections may also affect the energy market. Trump's attempt to arrange a supply of Russian diesel fuel has already met with resistance, and two of the three tankers have changed course. Meanwhile, the country's diesel stock fell below 100 million barrels. For the first time since 2003, and the price at gas stations reached $6.27 per gallon (+70% for the year). Now this issue will become another reason for conflict between the White House and Congress, although it is unlikely that it will be possible to increase the supply quickly and lower prices.

The midterm elections in the United States changed the balance of power in Washington: the Democrats gained control of both houses of Congress. Investors received this news positively: the Nasdaq rose 1.44% on the day, the S&P 500 rose 1.58%, and the Dow Jones gained 3%. Markets are counting on a renewed Congress to rein in Trump's most controversial decisions. Democrats intend to tighten control over Trump's trade policy, but they won't be able to quickly remove the tariffs: the president imposed a significant portion of them without congressional approval. Another source of tension is the budget: temporary government funding expires on December 11, and the differences between the parties could lead to another shutdown. The election dealt a separate blow to Elon Musk's business. The entrepreneur spent nearly $475 million supporting Republicans, but Democrats won, including in Texas, where Musk's key assets are located. Tesla and SpaceX shares after the election fell by more than 3%, the billionaire's fortune fell by $33.5 billion per day. But the shares of Microsoft and Amazon, on the contrary, rose by more than 6%: the opponents of the active construction of data centers also won the elections, so companies with their own capabilities look more profitable. The consequences of the elections may also affect the energy market. Trump's attempt to arrange a supply of Russian diesel fuel has already met with resistance, and two of the three tankers have changed course. Meanwhile, the country's diesel stock fell below 100 million barrels. For the first time since 2003, and the price at gas stations reached $6.27 per gallon (+70% for the year). Now this issue will become another reason for conflict between the White House and Congress, although it is unlikely that it will be possible to increase the supply quickly and lower prices.