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Democrat Doug Jones has won a hotly-contested race for a U.S. Senate seat in Alabama, beating Republican Roy Moore in a race dominated by accusations that Moore as a young man engaged in sexual misconduct with teenage girls.

With 99% of the precincts reported, Jones had 49.5% of the votes, while Moore had 48.8%.

But while Democrats might be cheering, investors who favor the passage of a historical tax bill may have some cause for concern. S&P 500futures have dipped 0.2%, while Dow Jones Industrial Average futures have fallen 46 points, or 0.2%. Nasdaq 100 futures are off 0.2%.

With Jones heading to the Senate in January and replacing Alabama GOP senator Luther Strange, the GOP will only control 51 seats in the 100-member Senate and that could imperil several of Trump’s economic and political initiatives in the months ahead, including a plan to provide massive funding for infrastructure spending.

It’s also possible that Jones could pose a threat to legislation seeking to rewrite the tax code, unless the GOP leadership in the House and Senate can craft a unified bill in the coming week and pass it before Congress adjourns for Christmas and before Jones takes office.

Sen. Strange, who briefly occupied the Senate seat after former Sen. Jefferson Sessions become U.S. Attorney General in January, is viewed as a reliable vote in favor of the final tax bill since he had no objections to the initial measure that passed the Senate.

The prospect of tax reform passing has helped the stock market and many market watchers have predicted a stock swoon if the legislation were to fail.

Right now, the odds seem good that Congress will send a tax bill to President Trump for signature before Jones is sworn in as Alabama’s junior senator. Certainly, the GOP leadership now has added incentive to pass the legislation quickly.