Treasuries Surge as Tech-Stock Selloff Follows Democratic Midterm Sweep

Summary

US Treasuries surged as a selloff in shares of large US technology companies, which followed the Democratic sweep in this week's midterm elections, stoked demand for havens. Bloomberg reported that the S&P 500 suffered its steepest drop in more than a year on fears of a clampdown on data center construction, with chipmakers bearing the brunt of the selloff. President Trump blamed Democrats for the rout. Bloomberg later reported that US equity futures rose and the selloff paused ahead of a jobs report.

Timeline

1. Bloomberg

   5 Nov 2026, 15:54 UTCSource ↗

   Bloomberg reports that Treasuries surged as the Democratic sweep in this week's US midterm elections sparked a selloff in shares of large US technology companies that stoked demand for havens.

2. Bloomberg

   6 Nov 2026, 12:45 UTCSource ↗

   Bloomberg reports that US equity futures rose after the S&P 500 posted its steepest drop in more than a year on fears of a clampdown on data center construction, with chipmakers rallying after bearing the brunt of the selloff and President Trump blaming Democrats for the rout.