Future rates in the United States have seen a sharp rise with voters looking at the election results; Nasdaq rises more than 3%

SAO PAULO – The future stock indices of the United States rose sharply in the early hours of Wednesday (3) after the start of the vote count in the presidential elections and signaling a very tight scenario, with Republican Donald Trump. gaining momentum against Democrat Joe Biden in states considered very important to the dispute.

At 12.20 am (Brasilia time), Dow Jones futures rose 0.91% to 27,627 points, after trading with losses of almost 1% earlier. Meanwhile, the S&P 500 was up 1.69% to 3,418 points. The future Nasdaq operated with gains of 3.72%, up to 11,691 points.

The yield on 10-year Treasury bills fell to 0.81% after briefly reaching 0.945% at the beginning of the calculation.

During the ordinary session on Tuesday, the stock markets rose sharply in anticipation of a scenario in which Biden could win more calmly, avoiding disputes and the extension of the count by days.

Among some of the states deemed important to the outcome, Trump gained traction and appears at the forefront in Florida, Georgia, Texas, Ohio and Pennsylvania. To win the election, 270 delegates are needed (see how the US electoral process works here).

According to experts, Biden needs to win in Ohio or Pennsylvania to have a chance. On the other hand, there is still no way to indicate a winner at the current stage of the calculation.

The market got excited in the last two trading sessions with the expectation that there would be little room to challenge the election results, which would speed up the process.

However, what is seen so far is a very closed dispute that leaves room for days, or even weeks if any of the candidates asks for a recount.

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