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Stock Market Today: Nasdaq Rises Nearly 2%; Google Gains; Chip Stocks Rally — Live Updates The Wall Street JournalS&P 500 rips 1.6% higher, Nasdaq posts best day since May as Alphabet reignites AI trade CNBCAlphabet, Chip Stocks Lead Tech-Fueled Market Rebound The Wall Street JournalSuddenly, the Fed interest rate cut in December looks like it is very much back on the table Fortune
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Trump expected to propose Obamacare subsidy extension, report says ReutersWhite House postpones expected unveiling of new health care cost proposal CNNWhite House to pitch a Trump Obamacare extension with limits PoliticoTrump to push new Republican plan on Obamacare subsidies AxiosTrump's Obamacare fix: Send consumers money, not insurance companies USA Today
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Dow Jones Today: Stock Indexes Surge to Begin Holiday-Shortened Trading Week; Nasdaq, S&P 500 Soar InvestopediaStock market today: Nasdaq, S&P 500 rally as Nvidia, Tesla, Google lead Big Tech surge Yahoo FinanceStock Market Today: Nasdaq Rises Nearly 2%; Google Gains; Chip Stocks Rally — Live Updates The Wall Street JournalSuddenly, the Fed interest rate cut in December looks like it is very much back on the table FortuneTech Propels Sto
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S&P 500 futures rise as market attempts rebound on holiday-shortened week: Live updates CNBCStock market today: S&P 500, Nasdaq futures rise, sparking hopes of rebound from November losses Yahoo FinanceStocks gain, dollar ebbs as investors bank on December Fed cut ReutersThe Fed's Next Rate Move Has Everyone Guessing. Why Confusion Reigns. Barron's
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Suddenly, the Fed interest rate cut in December looks like it is very much back on the table FortuneStock market today: S&P 500, Nasdaq futures rise, sparking hopes of rebound from November losses Yahoo FinanceA Market Rebound Can Last. Why Ukraine, Fed Rate Hopes Are Eclipsing AI Fears and 5 More Things to Know Today. Barron'sU.S. stocks surge on December rate cut optimism; Ukraine peace talks eyed Investing.com
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With the congressional midterm elections only weeks away, here's how we think things will shake out.
In early spring, Republicans appeared well on their way to steamroll through the midterms and win back control of the House and Senate. Democrats were struggling to compete, weighed down by an unpopular president and sky-high inflation and gas prices.
But as the summer wore on, Democrats' prospects improved. Gas prices dropped, supply chain problems got better and the Supreme Court's decision to overturn Roe v. Wade energized their voters - all good news for the party. Some big-ticket Democratic bills that passed Congress in recent months also helped.
Meanwhile, several Republican candidates, particularly Senate hopefuls endorsed by former President Donald Trump, underwhelmed, both on the campaign trail and with fundraising. Senate Minority Leader Mitch McConnell (R-KY) even downplayed his party's chances of retaking the Senate, openly worrying about the "quality" of many GOP candidates.
On top of everything else, Trump's high-profile legal woes have been a drag on his party's midterm hopes.
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But momentum in politics is fickle and can swing back quickly. In recent weeks, Republican candidates have done better in midterm polls and improved on the campaign trail.
So it's increasingly likely that control of the next Congress in January will be split. We anticipate that Republicans still will take control of the House, though they'll likely net fewer seats in the 435-member chamber than we initially expected - 15, versus the 25 sea
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