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JIM WATSON, SAUL LOEB / AFP via Getty Image
- Futures for US stocks and the dollar rose as the close race between Trump and Biden unfolded for which investors had prepared.
- High-tech Nasdaq 100 futures are among the top winners, up about 3%, while Bitcoin and crude oil rallied sharply.
- Trade-sensitive currencies like the Mexican peso and the Chinese yuan fell, along with safe havens like gold and the Japanese yen.
- Visit the Business Insider home page for more stories.
Futures for U.S. stocks and the dollar rallied on Wednesday, as the tight-knit presidential race that investors had hoped unfolded, giving a boost to tech stocks, crude oil and cryptocurrencies.
Around 11:30 p.m. ET, there was still no clear leader in the presidential race between President Donald Trump and Democrat Joe Biden, as the results continue to come in. Polls have already closed or are closing in most states, including several key battlefields. . Florida is the first undecided state to be called up for either candidate.
US benchmark futures rallied strongly. High-tech Nasdaq 100 futures rose nearly 3%, while small-cap S&P 500, Dow Jones and Russell 2000 futures rose 0.3-1.3%.
Other more risk-sensitive assets, such as oil and Bitcoin, rebounded, while safer assets such as gold and the Japanese yen came under attack.
Even with a close race, volatility remained fairly modest as investors had long positioned themselves for the result to take much longer than election night to be clear.
“As the night progresses, Donald Trump appears to have made a notable comeback, as polls in the US suggest he had a good night. Market reaction has so far avoided the volatility of 2016, at least on the downside, with more earnings for stock futures, “Chris Beauchamp, chief market analyst at online broker IG.
“This impressive recovery by the party seen as business-friendly has been taken in a positive vein by the markets, although there is still much to do.”
The dollar index rose 0.4%, driven by gains against the yen, which fell 0.4% and the euro, which lost 0.5%.
First-class stocks in Asia were dragged down by optimism in US markets. Japan’s Nikkei was the top performer, rising 2% on a weak yen, while Seoul’s KOSPI was up 1%. The Chinese and China-sensitive indices were duller. The Shanghai Composite was almost unchanged on the day, as was Australia’s S & P / ASX 200.
This is what happens in the most election-sensitive markets:
Top 5 winners
| Active | Last price | Percentage change |
| Bitcoin | $ 13,895 | 3.52% |
| Nasdaq 100 Futures | 11,569 points | 2.70% |
| WTI Crude Futures | $ 38.52 a barrel | 2.28% |
| Dollar / Mexican Peso | MXN 40.55 | 2.12% |
| S&P 500 Futures | 3,399 points | 1.13% |
Top 5 losers
| Active | Last price | Percentage change |
| 10-Year Treasury Yields | 0.928% | -7.70% |
| VIX Futures | 31.2 points | -1.35% |
| Gold | $ 1,910.35 per ounce | -0.48% |
| Euro dollar | $ 1.1713 | -0.38% |
| Offshore yuan / dollar | 6.7034 | -0.32% |
