File photo: The New York Stock Exchange is pictured on November 28, 2020 in the Manhattan borough of New York City, New York. Ritter / Carlo Alegre
November 4, 2020
By Noel Randivich
(Reuters) – U.S. Stock market futures fell late on Tuesday, as U.S. Early voting estimates were raised in the presidential election, with investors hoping to avoid a long-term process that would delay potential monetary stimulus to help the economy cling to the financial epidemic.
S&P Eminy futures
At the end of the day, S&P Amini futures jumped more than 1%, but estimates changed that President Donald Trump and Democratic rival B Biden is one of the other hotspot states in Florida, including Georgia. And Ohio, up in the air.
On the betting website Smartix, the odds of Trump’s victory have improved dramatically in recent minutes but nevertheless featured Biden as the expected winner.
Biden’s leadership of Trump in the national opinion polls has also raised expectations of a decisive outcome and a post-election stimulus package that will improve Biden’s promises on infrastructure spending.
Some analysts said strong market gains were also offset by a selloff last week, the biggest weekly decline for the S&P 500 in seven months.
“It looks like the poll has narrowed, which makes it a little more difficult for Biden, but the way the market reacts to it tells me that the market thinks we’ll get a resolution fairly quickly.” Charles Swab’s vice president of trade and derivatives in Austin, Texas.
“If for some reason we don’t have a clear picture, if there is a reluctance on the part of the losers to confess and have to go to these courts, we are in some textile, volatile markets. For a while, “said Frederick.
On election night 2016, U.S. The stock index futures sank as Trump pulled an upset win over Democrat Hillary Clinton. However, the so-called “Trump rally” began the next day, which saw the S&P 500 surge in a month, fueled by promises of major tax cuts and fiscal regulation.
In Tuesday’s trading session, the Dow Jones Industrial Average averaged <.DJI> The S&P 500 rose 2.06% to close at 27,480.03 points <.SPX> Rose 1.78% to 3,369.02.
Nasdaq Composite <.IXIC> Rose 1.85% to 11,160.57.
CBOE Volatility Index <.VIX>, Wall Street’s Fear Gauge touched a one-week low after reaching a 4-1 / 2-month high last week.
Democrats, who have already controlled the U.S. House of Representatives, are pushing for U.S. congressional control. Confirms that 14 have emerged from the race of the contest, although the final results of at least five of those contests will not be available for days or months. Case.
Graphic – “Biden” Shares vs “Trump” Shares: https://fingfx.thomsonreuters.com/gfx/mkt/yzdpxabbovx/biden%20vs%20trump%20shares.PNG
Graphic – Markets under different presidents throughout history: https://ographicics.reilers.com/USA-ECONOMY/MARKETS/qmyvmjrgbpr/index.html
(Additional reporting by Chuck McColljack in New York; edited by Sam Holmes)
