● Nasdaq Futures Sink 2% on Democratic Sweep Odds

S&P 500 futures fell 1.1% and Nasdaq-100 futures dropped 2% late Tuesday as early midterm results pointed to a sweeping Democratic win in Congress. Kalshi prediction markets put the odds of Democratic control of the House at 99% and the Senate above 90%, up sharply from earlier in the night. Traders dumped data-center and AI-linked names on bets that a Democratic Congress means tighter scrutiny of Big Tech, with CoreWeave down 6% and SpaceX off 4% in after-hours trading.