# Democrats flip 40 House seats as Senate races hang in the balance

> Democrats gain 40 House seats while Senate races remain tight, Wall Street drops sharply.
- Title: Democrats flip 40 House seats as Senate races hang in the…
- Summary: Democrats gain 40 House seats while Senate races remain tight, Wall Street drops sharply.
- Keywords: 2026 election, democrats, elections, midterms, senate, trump administration, nasdaq, donald trump, stock market, alaska, mitch mcconnell, dow jones industrial average
- Source: Straight Arrow — https://san.com/cc/democrats-flip-40-house-seats-as-senate-races-hang-in-balance-wall-street-plunges
- Published: 2026-11-06T13:00:00+00:00
- Read time: 1 min
- Topics: 2026 election, democrats, elections, midterms, senate, trump administration, nasdaq, donald trump, stock market, alaska, mitch mcconnell, dow jones industrial average
## Democrats flip 40 House seats
Democrats gained at least 40 Republican-held House seats, securing a commanding majority for January.
## Senate races remain tight
Two Senate races in Alaska and Mississippi are too close to call with final results pending.
## Alaska race details
Democrat Mary Peltola leads Republican Dan Sullivan by 637 votes with three-quarters of votes counted.
## Mississippi race details
Democrat Scott Colom leads Republican Cindy Hyde-Smith by 2,100 votes out of nearly a million cast.
## Wall Street reaction
Wall Street plunged 5.5% as investors worried about new Democratic restrictions on AI and data centers.
## Market impact
The Nasdaq lost $2.5 trillion in market value, dropping 5.5% into correction territory.
## Dow and S&P 500 drops
The Dow Jones lost over 1,800 points and the S&P 500 fell nearly 4.5%.
## Trump blames Democrats
President Trump blamed Democrats for Wall Street losses, warning about impacts on 401(k)s.
## Schumer's Supreme Court plan
Senate Minority Leader Chuck Schumer vowed to block Trump's Supreme Court nominees if they are right-wing.
## Key takeaway

Democrats flipped 40 Republican House seats, Senate races in Alaska and Mississippi remain unresolved, and Wall Street plunged 5.5% as investors fear AI restrictions.