Key facts
- Democrats flipped Republican-held Senate seats in North Carolina, South Carolina, Ohio, Texas, Kansas and Iowa, the AP projected.
- The AP called the House for the Democrats after the party surpassed 218 seats, later the same night.
- The Dow jumped more than 1,500 points, or 3%, on November 4, while the S&P 500 and Nasdaq gained more than 1%.
- Trump signaled a willingness to work with Democrats after the result, according to the primary report.
Democrats won control of the US Senate and House of Representatives in the November 3 midterm elections, according to Associated Press projections, taking both chambers from Republican President Donald Trump's party.
Only hours after polls closed, Democrats flipped Republican-held Senate seats in North Carolina, South Carolina, Ohio, Texas, Kansas and Iowa, the AP projected, clearing the 51-seat threshold in the 100-seat chamber. The AP called the House for the Democrats later in the night after the party surpassed 218 seats. In 2024 and 2022, the AP did not call control of the House until eight days after Election Day.
US stocks rose on November 4 after Trump signaled a willingness to work with Democrats. The Dow jumped more than 1,500 points, or 3%, while the S&P 500 and Nasdaq composite gained more than 1%. Reuters reported that the Dow had its best day since April last year.