From Wall Street to Bitcoin: Nasdaq 100, S&P 500, and Crypto Market React to US Midterm Elections 2026

What happened

On November 2, the S&P 500 erased an early gain of about 1.1% and closed down 0.5% at 7,541.40; the Nasdaq Composite fell 1.1%, while the Dow rose 0.4%. Nasdaq 100 futures dropped nearly 1.5% amid election-related policy concerns, and the index was about 10% below its October peak.

Confirmed

Global impact / market context

The article describes election uncertainty alongside pressure on technology and semiconductor shares. If policy expectations keep shifting, companies could face uncertainty about future rules and investment plans; continued weakness in major technology shares could also weigh on broad stock indexes and investor portfolios.

Analyst inference

Trading reflected several pressures, not elections alone: the article also cites concerns about artificial intelligence spending, corporate earnings, and declining crypto liquidity, meaning less cash available to trade. It reports technology weakness and a Nasdaq 100 decline, but gives no specific crypto price move.

Analyst inference

What to watch

1. Watch for further changes in expectations about which party controls Congress and related policy concerns; the article links these expectations to Nasdaq 100 futures falling nearly 1.5%. Analyst inference
2. Track whether semiconductor and technology shares remain under pressure; the article says the Nasdaq 100 was about 10% below its October peak. Analyst inference
3. Look for clearer evidence of how artificial intelligence spending, corporate earnings, and declining crypto liquidity—the ease of buying or selling without strongly moving prices—affect company investment, results, and trading. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• bravenewcoin.com