Gary Black: U.S. stocks rise pre-market after Democrats win House and Senate control

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12 hours ago

Gary Black: U.S. stocks rise pre-market after Democrats win House and Senate control — Democrats win Congress, stocks rise pre-market

U.S. stocks rose in pre-market trading, with the S&P up 0.7% and Nasdaq up 0.6%, after Democrats secured House and Senate control in a landslide, according to a post by Gary Black, managing partner at The Future Fund. The result was described as neutralizing President Donald Trump’s remaining term, with mention of rebukes related to the Iran war, trade, and the economy. Brent crude fell to $103 per barrel and the 10-year yield declined to 4.92%. Bitcoin was also mentioned in the market update.

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Earlier, Gary Black cited negative revisions to TSLA earnings and the risk from upcoming unsupervised autonomy as factors for his cautious stance on the stock in a prior update. He also noted gains in U.S. stocks after SPCX released strong third-quarter results, highlighting support for major tech shares in a separate report. These past observations reflect Black's ongoing coverage of key drivers behind U.S. market movements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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