Stocks Rally After Republicans Lose Control of Congress
Financial markets surged following the midterm results, while House Speaker Mike Johnson announced he will not run for minority leader.
By Tomas Rahman ·
The U.S. stock market responded positively to the shift in political power that occurred last night.
U.S. stocks soared after President Donald Trump’s party lost its sole control of Washington in the midterm elections.
House Speaker Mike Johnson stepped aside from Republican Party leadership following the party's deep losses.
He declined to run for House minority leader in the new Congress.
Vice President JD Vance publicly broke from the President’s defense of the Iran war.
This move came after the Republican Party suffered major setbacks in the recent vote.
President Trump acknowledged that the conflict with Iran impacted the midterm elections.
Despite voter dissatisfaction with the war, he stated he is not considering replacing Defense Secretary Pete Hegseth.
Trump said he accepts the results of his party's midterm route, and many of his loyalists reluctantly followed suit.
Michigan Sen.-elect Abdul El-Sayed told The Associated Press that voters have rejected a “hateful, spiteful campaign”.
He noted that Republicans had spent months attacking his Muslim identity.
In Florida, a gunman opened fire at Citibank's business complex in suburban Tampa and killed a woman before a security guard fatally shot him.
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