US midterm elections 2026 live: all eyes on last two razor-thin Senate races as Democrats vie to expand blue wave

Key Points:

• The US midterm elections remain undecided in two razor-thin Senate races in Mississippi and Alaska, with Democrats aiming to expand their narrow majority in Congress, currently holding 106 seats.
• Democrats have strengthened their hold on the House, flipping eight additional seats to lead 253-157, while Republicans managed to retain two seats in the West; notable local victories include progressive Nithya Raman becoming mayor of Los Angeles.
• The midterm results have triggered a sharp sell-off in tech stocks globally, especially in AI-related companies, amid fears of increased regulation under a Democrat-controlled Congress, leading to significant market declines in the US, Europe, and Asia.
• Elon Musk has suffered a $113 billion loss in wealth due to the stock market slump following the elections, as Tesla and SpaceX shares dropped sharply; despite this, he remains the world's richest person.
• Hispanic voter backlash against former President Trump’s immigration policies played a critical role in the Republican losses, with many Latino voters turning out in record numbers to support Democrats as a protest against aggressive ICE operations.