News and market highlights

Mississippi's U.S. Senate race is in the ballot-counting phase, with Republican incumbent Cindy Hyde-Smith leading Democrat Scott Colom 49.5% to 48.4% in early returns, according to Decision Desk HQ. Independent Ty Pinkins holds the remaining 2.1% of votes counted, keeping the final margin uncertain.

Los Angeles voters will decide whether to keep Mayor Karen Bass in office or elect City Councilmember Nithya Raman to lead the nation's second-largest city, according to the Associated Press. The race has centered on homelessness, public safety and affordability as the campaign heads into its final stretch.