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Republicans maintained their narrow majority in the US House, ensuring Donald Trump and his party retain unified control over the government. This outcome significantly reduces the Democrats' ability to limit Trump's influence in upcoming negotiations over trillions in expiring tax provisions, as he aims to extend existing cuts and introduce new ones promised during his campaign.
Donald Trump has declared victory in the U.S. elections, having secured key swing states, including Pennsylvania. Kamala Harris underperformed among Latino and young voters compared to Joe Biden's previous campaign, with economic concerns dominating voter priorities. As counting continues, Trump's lead appears insurmountable for Harris.
As the US presidential race reaches its climax, a historical stock market indicator suggests the incumbent party may prevail. Since 1944, when the S&P 500 rises between late July and Halloween, the party in power has won 82% of the time. This year, the S&P 500 increased by 3.3% in that period, hinting at a potential victory for the current administration.
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