LIVE: Wall Street crashes and rebounds after Democrats snatch US House and Senate in historic midterms election

Democrats have won control of both the House and Senate, alongside major gubernatorial victories, including Texas.

Trump has accepted the election results and says Republicans will work with Democrats, despite tensions over tariffs and the Iran war.

Dow futures surged 912 points, or 1.75%, while S&P 500 futures gained 0.8%. Nasdaq-100 futures lagged as AI stocks weakened.

Crypto stocks are mixed. Coinbase jumped 5.53%, Circle 4.36%, Strategy 3.72%, and Robinhood 2.19%, while Block, PayPal, and MercadoLibre fell.