Eagle-Tribune
Business SummaryBrief at 2:08 a.m. EST
xCruzo Brief
President Donald Trump faced a public rebuke in Tuesday’s midterm elections as inflation and rising prices fueled steep losses for Republicans, according to an AP Voter Poll of more than 100,000 voters. About two-thirds of respondents said inflation reflected Trump’s own policies rather than Democratic predecessor Joe Biden. The market reaction was mixed: U.S. stocks typically rise after midterms, and the S&P 500 jumped 1.6%, while the Dow gained more than 1,500 points and the Nasdaq rose 1.4%. Brent crude fell below $95, its lowest level in two months. Asian markets were mostly higher after the rally, but South Korea’s Kospi briefly dropped more than 4% amid chipmaker selling.
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