
One Election, Two Markets: Why the Gulf Rallied While Wall Street Stumbled
The U.S. midterm elections handed Democrats control of Congress — and New York and the Gulf drew opposite conclusions. An AI sell-off pushed the Nasdaq down 3.37% for the week, while Qatar, Dubai and Saudi Arabia rallied on hopes of de-escalation with Iran. Brent fell about 13%, gold rose, and Bahrain slipped to a new 52-week low on sharply higher turnover — the FinTake Weekly wrap for the week ending November 6, 2026.





