US Presidential Election 2020 Live Updates: Joe Biden Vows To "Make America Respected" Around The World Again

Midterms are held two years after a presidential election in all 50 states, and the President and Vice President are not on the ballot.

JPMorgan says that a Democratic sweep can bring higher policy and regulatory uncertainty, which includes potential implications for the artificial intelligence sector, and that this may weigh on sentiment, even if the election outcome does not immediately result into major legislative changes.

The Nifty 50 ended higher one week after each of the last five US midterm elections, according to CA Vivek Khatri's post on X. The index also gained over one month in four out of five cycles.

Some 32% of poll respondents said they approved of the job Trump was doing in the White House, unchanged from a week earlier and just above his record-low reading of 31% two weeks ago.

US voters say they are frustrated by the high cost of living, fuel prices that spiked after the launch of the Iran war and uncertainty over where their jobs and the world's largest economy are headed in the age of AI.

Precious metals remained under pressure on November 3 as investors assessed US interest rate expectations and awaited midterm election results, defying festive demands and Dhanteras this week

The developments came amid reports claiming Israeli PM Netanyahu was pressing US President Donald Trump to consider fresh military action against Iran after the US midterm elections

JPMorgan has mapped four possible US midterm election outcomes and their potential market impact. A Democratic sweep carries the highest probability at 66%, while a Republican House and Democratic Senate split has a 1% probability.

South Korea's Kospi emerged as the major laggard among regional indices, falling a little over 3.5%, as weakness in technology stocks weighed on sentiment.

Iranian state news agency IRNA reported five explosions in rapid succession were heard on the island, and that some residents reported seeing two aircraft flying in its skies.

The swift rejection was the latest in a flurry of election-related litigation the day before the elections, which will decide control of Congress for the last two years of Trump's second term. No justices publicly dissented.

The results will serve as the first nationwide verdict on Trump's presidency, revealing whether voters want to check the Republican president's power by giving Democrats control of one or both chambers of Congress or are willing to accept the status quo

Trump has used his veto power twice in his second term, compared with 10 bills he vetoed during his first term.

Critics say the department could accelerate any attempt by Trump to sow doubt about the midterms, which will determine control of Congress and the winners of dozens of governors' races.

The 2026 midterms are also on track to become the most expensive midterm elections for political advertising since at least 2018.

America does not have a central election authority that centrally undertakes these critical functions. Each of the 50 states sets its own election laws.