U.S. Stocks, Dollar Set to Weaken as Blue Wave Forms -- Market Talk
Dow Jones2026/11/04 02:390239 GMT - It's looking like a blue wave is unfolding in the U.S. midterms, which could mean more regulatory controls, particularly around AI, and fears that the election result could lead to higher taxes should it be a forerunner of the Democrats retaking the White House in 2028, says Shane Oliver, chief economist at AMP. This would be potentially a negative for U.S. equities and the U.S. dollar, which appears to be playing out, he adds. That said, a win for the Democrats is hardly surprising, so markets should have discounted it to some degree, Oliver says. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
November 03, 2026 21:39 ET (02:39 GMT)
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