This blog has now closed – our live US midterms results coverage continues here

Wall Street surged at the open, after Democrats scored historic victories in midterm elections and secured control of US Congress.

The Dow Jones rose 2%, while the tech-heavy Nasdaq and the benchmark S&P 500 both gained more than 1%. That’s quite a reversal: Overnight, stock futures fell sharply as investors worried about the prospect of tougher regulation of the AI sector and the impact on economic growth.

The Democrats have had a resounding win, taking control of the Senate and the House of Representatives in a historic midterms result. Hosts Reged Ahmad and Jonathan Yerushalmy examine what went wrong for the Republicans and why voters turned out in droves to deliver the blue wave so many predicted.

But perhaps the biggest surprise of the night was Donald Trump accepting the result and vowing to work with the Democrats. So will he? Or could this make him more dangerous?

Read more:

Democrats win control of Senate as US voters reject Trump’s agenda

US voters rebuke Trump as Democrats win control of Congress in ‘blue wave’

Analysis: Resounding wins for Democrats a wholesale rebuke of Trump’s Maga movement