Nasdaq 100 futures fall 2% as Democrats gain in midterm early counts

The cross-asset reaction is the real signal here: equities selling off alongside a softer dollar and firmer Treasuries points to risk-off positioning rather than a simple growth scare, with the dollar's slide suggesting markets are already repricing the policy mix a Democratic-leaning outcome could bring. This matters most for rate-sensitive tech exposure and for anyone holding dollar-denominated risk, since the move is happening before results are settled. Whether the bond rally and dollar weakness hold once the count firms up is the open question.