A rising future as traders weigh on the implications of a divided Congress

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US stock index futures have risen slightly, while the dollar has fallen slightly. Global investors are weighing on the mid-term election results, suggesting that Donald Trump will face a split Congress over the next two years.

Shortly after midnight in New York, S & P 500 futures futures were up 0.3%, down from earlier highs in the Asian trading session. The futures on the Nasdaq 100 index rose 0.42%. The trading volume on these futures is generally low at this time, accelerating as the Wall Street opens at 9:30.

In the foreign exchange market, the dollar has fallen against many of its major counterparts in developed markets. The euro and the pound sterling both gained about 0.2% on the greenback, while the Japanese yen rallied 0.1%. A tracking index of the Canadian dollar versus half a dozen peers slipped 0.1%.

The muted reaction comes as the Democrats were on the right track to take control of the House of Representatives, with the Republicans retaining control of the Senate. Pollsters had widely predicted such a result ahead of Tuesday night's elections, considered a referendum on President Trump's policy.

Nevertheless, a split in Congress would limit Trump's ability to impose changes in tax policy and spending or trade.

"It seems that this is the way most market players expected this to happen," said Brian Levitt, senior investment strategist at Oppenheimer Funds. "The likelihood of Democrats returning to the House seems to be increasing – obviously, things can change – and the Senate will likely remain Republican."

Elsewhere, US public debt prices were generally higher, causing yields to fall. The 10-year Treasury yield fell 2.7 basis points to 3.1875%, while the two-year yield was down 1.6 basis points to 2.9157%.

Market strategists had said, prior to the first national elections since Trump's inauguration, that the congress-holding potential of Congress would probably be less sensitive than trade issues, which remain at the center of concern.

US stocks have always tended to show bullish performance when the GOP and Democrats share control of Congress, "indicating that investors tend to prefer both blockages and some control measures of power," he said. Pimco before the elections.

See the results of the mid-term elections live here.