The benchmark 10-year Treasury yield was 2 basis points lower at 4.9291%, CNBC reports. The 2-year yield fell 1 basis point to 4.5996%, CNBC says. Yields and prices move in opposite directions.

The dollar fell 0.6% against a basket of major currencies at one stage, The Guardian reports. Its drop was largest against the Japanese yen and the Swiss franc, which are seen as safe havens, the paper says.

Gold rose 2.4%, with spot gold climbing to $4,022 an ounce, The Guardian reports.

Stock futures fell sharply as results came in, CNBC reports. AI shares, which have led the bull market, led the drop on fears that Democrats would slow the building of data centers, CNBC says.

Nasdaq futures fell more than 2% at one point overnight, The Guardian reports. The paper later reported that stock futures had turned positive ahead of the Wall Street open.

Democratic wins for governor in Texas and Georgia, key states for AI data centers, raised questions about future building, The Guardian reports, citing analysts.

Jim Reid of Deutsche Bank said divided government has generally made it harder to pass fiscal stimulus, which eased worries about the fiscal outlook, The Guardian reports.

The 30-year bond yield slid 1 basis point to 5.3093%, CNBC reports.

Chris Beauchamp of IG said Abbott's loss in Texas puts the building of more data centers in question, The Guardian reports. AI stocks such as CoreWeave and Nebius weakened overnight, he said.

What we know: The dollar fell and Treasury yields moved lower after the Democratic wins.
What we don't: Whether the moves will last once Wall Street trading opens.