Stock futures ripped higher on Wednesday as a decisive victory by Democrats in the U.S. midterm elections—and President Donald Trump’s acceptance of the results—removed political uncertainty risk hanging over Wall Street. Democrats won majorities in both the House of Representatives and Senate and scored victories in key gubernatorial races like Texas. The Democrats will now be a check on the policies of Trump, who’s enacted business-friendly tax cuts while also pursuing tariffs and a war in Iran that’s boosted inflation. Futures tied to the Dow Jones Industrial Average jumped 912 points, or 1.75%. S&P 500 futures traded 0.8% higher. Nasdaq-100 futures were on weakness in AI-related stocks. Trump told the New York Times he was “absolutely willing” to accept the results and told the Wall Street Journal he and Republicans would work with Democrats. The rebound “was in part due to the president’s initial tone and reaction to the results,” said Jay Woods, chief market strategist at Freedom Capital Markets. “Still more uncertainty looms, but one thing is certain: there will be gridlock, and historically this is good for the market.” Shares linked to the economy that could benefit from a more stable environment led the early gains. Walmart added 2%, while Bank of America rose 1.9% as investors looked for stocks outside of technology. Shares that could benefit directly from Democratic policies, or an end to tougher Trump actions, gained. Health insurers and hospital operators advanced, with UnitedHealth up 1.4%, Molina Healthcare rising 6.3%, Centene adding 4.7%, and HCA Healthcare up 1.44%. The Invesco Solar ETF jumped 5%. Heading into the election, investors worried a Democratic sweep could weigh on some areas of the market, especially stocks related to the artificial intelligence build-out. Investors feared a big Democratic win could mean more restrictions on data centers nationwide. The Texas governor, Gina Hinojosa, who’s pledged an immediate moratorium in the key data center hub, added to the fears Wednesday. Shares of Oracle and CoreWeave were headed lower Wednesday, along with Elon Musk’s SpaceX, which is headquartered in Texas. Another reason for the bullish sentiment Wednesday morning was that history shows the market does well under a divided government, where fewer policies and regulations are able to interfere with the business outlook. Andrew Slimmon of Morgan Stanley Investment Management said the markets “like gridlock—they don’t like a party with too much power.” Speaking with CNBC’s “Squawk Box Europe,” Slimmon also said that if the result increases the push for a resolution to the Middle East conflict, that may bring oil prices lower. “That’s been an issue for the Fed and inflation, and part of the reason that rates are higher.” Treasury yields moved lower on Wednesday as investors weighed big wins from Democrats in the U.S. midterm elections. The benchmark 10-year Treasury note yield fell 3 basis points to 4.917%. The 30-year bond yield slid 4 basis points to 5.289%, and the shorter-term 2-year note yield declined marginally to 4.606%. Asia-Pacific markets closed mixed Wednesday, as investors assessed a projected Democratic takeover of the U.S. Senate and House, while President Donald Trump appeared to not challenge the results. “We’ll work with the Democrats, and we’ll get along very well with them,” Trump told the Wall Street Journal. South Korea’s Kospi rose 0.62% to end at 5,683.8, while the small-cap, tech-focused Kosdaq added 1.5% to 714.95 in choppy trading. Japan’s Nikkei 225 pared some losses to close 1.42% lower at 62,188.63, and the broad-based Topix declined 0.89% to 3,895.38. Mainland China’s CSI 300 gained 2.31% to 4,101.34, while Hong Kong’s Hang Seng Index was 1.43% higher in its last hour of trade. Australia’s S&P/ASX 200 fell 0.59% to 8,834.5. Oil prices fell on Wednesday in a volatile session ​as investors awaited Washington’s next move in ​the US-Israeli war on ​Iran, after Democrats captured control of Congress from President Donald Trump’s Republicans in the midterm elections. Brent futures fell $1.75, or 0.7%, to $101.85 a barrel at 1034 GMT, falling $2 earlier in the session. US West Texas Intermediate crude futures fell $1.18, or 1.2%, to $94.91. Both ⁠had risen $1 ‌earlier. In the previous session, Brent settled at its lowest level in ⁠nearly four weeks as traders weighed talks to end the wars in Ukraine and Iran. Precious metals saw strong gains on Wednesday morning as the Democrats scored a clean sweep in the midterm elections, flipping both the House and Senate. Spot gold was 2.93% higher at $4,043.45 an ounce by 5:05 a.m. ET, while spot silver jumped 4.44% to trade at $51.98 per ounce, as traders reacted to the U.S. midterm election results. Front-month gold futures added 2.9% to trade at $4,054.60, while silver futures were up 4.64% at $52.09. Other metals seeing notable gains on Wednesday morning included platinum, which jumped 2.47% to trade at $1,465.30, and palladium, which was 5.93% higher at $989.